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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (217)	2/28/2000 9:55:00 PM
From: Didi	Read Replies (1) \| Respond to of 313

Wedgewood Partners Inc. invested in "BARGAIN" Berkshire Hathaway... ............... Nasdaq May Continue to Gain, While Dow, S&P Could Extend Losses By Stephen Cohen New York, Feb. 27 (Bloomberg) -- The Nasdaq Composite Index could begin its fifth straight week of gains when U.S. stocks resume trading Monday morning, while the Dow Jones Industrial Average and the Standard & Poor's 500 Index could add to their losses. The Nasdaq added 4.1 percent last week, bringing the technology-heavy index up a total of 13.3 percent since the beginning of the month. Meanwhile, the Dow Jones Industrial Average fell for the third straight week, bringing its February loss to 9.9 percent. ``The craziness is going to continue for a while, with hot money chasing hot Nasdaq stocks,' said David Rolfe, who manages about $200 million at Wedgewood Partners Inc. in St. Louis. ``It looks like it will be a handful of winners to surge at the expense of everything else.' Standard & Poor's 500 Index futures for March were down 0.9 to 1337.2, indicating little change in the index that fell 0.95 percent last week. Stocks in the Dow and S&P 500 could be considered bargains by many investors if they continue to fall, Rolfe said. ``Some of the other parts of the market are getting too damn cheap to ignore,' Rolfe said. He plans to buy shares of companies including No. 1 U.S. drugmaker Merck & Co., No. 7 U.S. bank Wells Fargo & Co. and other financial services companies. He's also buying shares of mortgage financier Fannie Mae and billionaire investor Warren Buffett's Berkshire Hathaway Inc. Wedgewood Partners is reducing its stakes in some semiconductor makers and wireless communications companies, Rolfe added. ..... quote.bloomberg.com