So Buffett said he's looking at acquisitions. Of course he is doing this as stocks are near two year highs in this bull market. Seems like that is the kind of thing that happens. Companies pay a premium or overpay. Then again, I suppose the argument could be made that it took a few years of profits before companies had enough cash to buy other companies.
The data was mixed. The best news was the 1% jump in personal income. Folks are going to need that to buy gasoline...
Hope this finds you well!
Monday, February 28, 2011
Stocks up Early Monday...
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