MaoXian.com -- Archive > December 31, 2004

Happy New Year, guys!

Posted on December 31, 2004 at 19:15, GMT

Stocks to Watch -- Friday, December 31

Posted on December 31, 2004 at 14:15, GMT

Chat Room Open from 8AM-9AM, Eastern Time

I was glad to see several new faces in yesterday's pre-open chat. We may seem to be focused on ranting and raving about kung fu movies and other odd topics, but rest assured that we've always got an eye on the pre-open market action. Come join us today!

Posted on December 30, 2004 at 7:45, GMT

Chart of the Day -- Washington Post, Weekly Chart

WPO hit a new all-time high yesterday. Warren Buffett bought $10.6 million worth of this stock in 1973, I believe. His stake is now worth around $1.75 billion.

Buffett wrote in Berkshire's 2003 annual report: "... we last changed our position in... Washington Post in 1973.... Brokers don't love us."

WPO, Weekly Chart

Posted on December 31, 2004 at 7:35, GMT

The Disintermediation of Opinion

Russell's take on the market, newsletters, by Peter Brimelow:

"'I'm worried about the state of the advisory or 'letter writing' business ... One by one I've seen my friends in this business go broke, give it up, or die off. What's left are a great many smaller outfits -- few if any appear to have large subscription lists' ... Russell blames the Internet: 'You can get an awful lot of information on the Internet. You can get all the charts you want, you can get the daily statistics you want, and you can get a thousand opinions every day of the year.'"

Posted on December 31, 2004 at 7:25, GMT

NYSE will become part museum, part financial-district Bowlmor Lanes

Ten Business Predictions for 2005, by Jim "Horse Whisperer" Cramer:

"Wall Street won't stop loving this behemoth [Wal-Mart] until long after it has lost whatever charm it once had ... The oil complex will go from being 7 percent of the S&P 500 to 10 percent ... Fresh water will become, after oil, the next great growth commodity ... housing will stay hot ... the fall of Big Pharma and the rise of biotech ... the attorney general will authorize a national I.D. card ... every airline company [will go] out of business save JetBlue and Southwest ... Social Security [will be privatized by the fall of 2005] ... Google will get added to the S&P 500 and go to $250 ... The Chicago Merc will buy the New York Stock Exchange and merge it with the NASDAQ to create one giant seamless market based in Chicago."

Posted on December 31, 2004 at 7:15, GMT

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