During the economic down turn, Warren Buffet is looking to cash in on the frugal consumer! In the latest quarter, Berkshire Hathaway increased its’ stake in Walmart the discount retailer from 19.9 million shares as of June 30th to 37.84 million shares.
The Dow continues it’s march down as it’s almost below the 12,000 point mark. Oil prices continue to rebound from a quick drop. Every time oil drops a little, it keeps moving to higher highs in this oil bull market. Dow stocks are starting to look very good to value investors. While the economy might keep them down for a few years, stocks like General Electric (GE) are paying investors 4% dividends while continuing to increase earnings during the tough part of the economic cycle.
The Dow continues to rise as it has for the past couple weeks. Posting a huge 3.19% gain yesterday. While 30 Year Mortgage rates have started increasing again. Average 30 Year rates are currently 5.75% up from 5.72% last week and 15 Year rates are currently 5.29% up from 5.22% last week. Mortgage rates while up lately are still around historic lows.
