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Decline in the open and s p in 18 best start in 30 years. Buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. Tech under fire a powerful gop senator demanding answers from apple good battery gate the s p is off to the best start since 87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. What has happened in the market has been very sensible. Nobody thought we would have these kind of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. Says the Interest Rates are the gravity to value and munger chiming in saying share prices are not crazy. Point blank tell you, this was becky quick, congratulations, unbelievable interview. You sit there and what you get are people who know more than anyone else alive ....
Oil this morning. Gain of 1 and a third percent. Prices decline nearly 9 just in the last three trading sessions. In case you missed it last night, the worlds top supermodels hit the cat walk. Wearing the most expensive bra encrusted. Dow chemical and dupont advance talks to merge, a merger can be announced in the next couple of days. Together a cap of some 120 billion. A deal would result in a threeway split. First they merge and then they split it off. Keith mccullough, record and tough deal for the industrial company. You have said in many times its in recession. More than 4 trillion in takeovers over time. Keith thiswhen things slow people have to buy growth and join each other. We cant do this, we didnt do that. Boom, all of a sudden theyre basically agreeing that nelson said and you get a lot of value creation. At least thats what the market is implying. Thats a big move. This is what you to deal daytoday. Everyone is going to agreed to get married at this point. Maria you wonder ....
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