Business

Morning Market Roundup: Buffett Holdings, Un-Occupy Wall St., Germany’s Losing Confidence

Here’s what’s important in the financial world this morning:

Germany’s mixed bag: Two key economic figures out of Germany offset one another. GDP grew 0.5 percent in the third quarter. The number was up 2.6 percent from the same quarter last year. The advance was a relief. Germany’s economic health is still the cornerstone of the eurozone’s financial prospects.

However, the ZEW Center for European Economic Research reported that investor confidence in Germany fell to a three-year low in November. That would put it back to recession level numbers. Clearly, the financial community is concerned the sovereign debt crisis will swamp the financial strength of even Germany. Since confidence is often a self-fulfilling prophecy, the forward-looking number is more important that the Q3 economic success.

LinkedIn executives to sell shares: LinkedIn executives want to sell a relatively large portion of their shares, adding pressure to the stock. The company has already said it will offer more shares to the public. It’s also clear that venture capitalists who invested in the LinkedIn over the years would like to make money on their positions too. Bain says it plans to sell a portion of its position along with LinkedIn executives.

It is only natural that management would act similarly in its self-interest. That will not keep other investors from concern about dilution. But, why would executives sell shares now, if LinkedIn’s prospects are so bright? Expect LinkedIn’s stock to suffer because of the announcement.

Warren Buffett: Buffett bought $10.6 billion in IBM shares. Just as important were other additions and dilutions he made to his portfolio. These became public as Berkshire Hathaway, the company Buffett runs, released at list of its third-quarter holdings. Buffett increased his holdings in Wells Fargo, a sign he is not as concerned about a new banking crisis as many bank analysts are.

He moved even further into the financial sector with a new investment in Visa. He also took new positions in military hardware provider General Dynamics, DirecTV and Intel.

Occupy Wall Street forced out: For some reason, the financial headlines were dominated by the decision of New York City to use police to remove Occupy Wall Street protesters from the city’s Zuccotti Park. The story was the top headline in the Wall Street Journal and the New York Times. There is a great deal of evidence that the mass of people in their tents had disrupted the sales of businesses in the area and that they presented a public health hazard.

Perhaps most important, the protesters were not successful enough for their removal by police to cause a ground swell of support. “Occupy” protesters are being moved out of their quarters by police in other cities.

Did the movement end almost before it began?

(Douglas A. McIntyre—24/7 Wall St./The Blaze)

Comments (23)

  • cloudsofwar
    Posted on November 15, 2011 at 10:11am

    another bailout this way comes. the dems and the MSM demand it. the republicans will cave of course. we are leaderless.

    Report Post »  
  • jcizarter
    Posted on November 15, 2011 at 10:00am

    http://www.businessweek.com/news/2011-11-15/republicans-consider-breaking-no-tax-pledge-as-deadline-looms.html

    The European crisis is not our problem, I can’t help it if our banks invested in the European banks, a tax increase is another bail out for the Banksters.

    Ron Paul 2012

    Report Post » jcizarter  
  • jcizarter
    Posted on November 15, 2011 at 9:57am

    I read this on Bloomberg Business Week : http://www.businessweek.com/news/2011-11-15/republicans-consider-breaking-no-tax-pledge-as-deadline-looms.html

    Repukelicans are going to consider (means do it ) breaking no tax pledge.
    I will be calling Senators Cornyn and Hutchison this AM to protest their compliance in supporting Europe with our tax money. Please call all repukelicans and tell them what you want them to do with your money.

    Report Post » jcizarter  
  • cloudsofwar
    Posted on November 15, 2011 at 9:35am

    sell your euro now and buy gold. no wait. buy food. no wait. buy guns. no wait. all of the above.

    Report Post »  
    • Eliasim
      Posted on November 15, 2011 at 9:40am

      Look at it this way: if the odds were not stacked against the U.S, then people wouldn’t believe God was doing it.

      Report Post »  
  • cloudsofwar
    Posted on November 15, 2011 at 9:33am

    with captain obama at the helm the good ship america is about to hit an iceberg ( the euro). it will sink us as well. europe is falling brought about by the one currency, the euro. sink one sink all. fingers will point then guns. europe is a basket case from the euro to the muslims. good luck.

    Report Post »  
  • Eliasim
    Posted on November 15, 2011 at 9:19am

    Isn‘t Germany where Satan’s throne is at, after getting moved from Patmos? I’m just saying.

    Report Post »  
    • Eliasim
      Posted on November 15, 2011 at 9:24am

      I’m just saying that the powers the be see it be more important that Europe stands more than the U.S keeps standing.

      Report Post »  
    • lukerw
      Posted on November 15, 2011 at 9:30am

      Satan… goes to and fro upon the Earth… as those, collectively, in Power… guiding Empires to do Evil! This has always been True & Real!

      Report Post » lukerw  
    • Eliasim
      Posted on November 15, 2011 at 9:34am

      Yes I know, but his throne is in Berlin.

      Report Post »  
    • Eliasim
      Posted on November 15, 2011 at 9:36am

      When it comes down to survivability, and brotherly support, China is going to support Europe over the U.S.

      Report Post »  
    • lukerw
      Posted on November 15, 2011 at 9:49am

      True… it is in China’s interest to negate Western Power, nation by nation… so as they weaken, China rises!

      Report Post » lukerw  
  • blue_sky
    Posted on November 15, 2011 at 9:15am

    Cain supporters, check out your how man performs (must see)
    http://www.youtube.com/watch?v=jMmWSX-Yu0w

    Report Post »  
    • netmail
      Posted on November 15, 2011 at 9:35am

      Cain is dog-assed tired. Newt, completely vetted for his up-to-date stances on all issues/beliefs, is probably the best choice we have IMO. No other comes close to his experience and natural abilities and, at this point, I‘m not really in a mood to ’settle’. Let it all hang out Newt…Convince us.

      Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on November 15, 2011 at 9:12am

    Added to the list above is the final revelation of the coersion and subversion of the armed forces for the sake of taking over the nation under Obama. This is something I have warned of, and now we are in the end game…we may have a coup by the end of this year.

    Report Post » Snowleopard {gallery of cat folks}  
    • lukerw
      Posted on November 15, 2011 at 9:24am

      Beck is saying… Gang members are infiltrating the Military to provide support for the Changers! Truly, each must decide where their Loyalties Lie.

      Report Post » lukerw  
    • Snowleopard {gallery of cat folks}
      Posted on November 15, 2011 at 9:36am

      @Luke — this is something I have been saying for long before Glenn created the Blaze or I had even heard of him; especially since Obama came into office – back then I used to talk with some members of the service branches who would explain that there were discussions going on then, about where they would make the stand — with or against the President “When the time came…”

      IF some kind of revolt does happen in the nation, and the armed forces are divided or broken, I can see it happening while Obama is conveinently out of the nation, and he returns to be reinstated by his own armed guards/supporters and a dictatorship arises…under a new President with a God complex.

      Report Post » Snowleopard {gallery of cat folks}  
  • jakartaman
    Posted on November 15, 2011 at 9:08am

    Best investment is in precious metals
    Brass and lead

    Report Post »  
  • lukerw
    Posted on November 15, 2011 at 9:03am

    Buffett is preparing for a World in Chaos… and Germany cannot stop a EU Failure. Good Luck!

    Report Post » lukerw  
    • netmail
      Posted on November 15, 2011 at 9:13am

      That’s right…the entire world is failing and there isn’t enough toilet paper in the world to wipe up the mess. The world’s credit card…..DECLINED.

      Report Post »  
    • cloudsofwar
      Posted on November 15, 2011 at 9:39am

      if your preparing for a world in chaos you don’t buy stocks.

      Report Post »  
    • lukerw
      Posted on November 15, 2011 at 9:53am

      @CLOUDSOFWAR
      So… you should just Burn your Money, Bonds, & Certificates? That is not how the Wealthy think!

      Report Post » lukerw  

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