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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (33739)	3/8/2009 12:09:49 PM
From: Sr K	Respond to of 78774

CNBC is not to be believed: >>From the article:"...Consider this: Berkshire Hathaway [BRKA 0.018 -0.004 (-18.18%) ] credit default swaps are now trading wider than Vietnam, according to Bank of America/Merrill strategist Michael Hartnett ... He also shows that GE [GE 7.06 0.40 (+6.01%) ] CDS are trading wider than Russia...." We are living in very interesting times. << Any investor who thinks BRKA or BRK.A closed at $.018 per share down $.004 or 18.18% for the day should not be anywhere near this market. That GE CDS info (GE "CDS are trading wider than Russia") is more CNBC crap. Most likely it was GECC CDS. It may also show the competence remaining at Bank of America/Merrill.