Here are a few facts that I have outlined regarding the recent market action.
“Those who claim to foresee the future are lying, even if by chance they are later proved right.” ~Arabic Saying
The big news on Friday (outside of Hurricane Irene) was the Federal Reserve confab in Jackson Hole, WY.
Due to preparations and clean-up from Hurricane Irene the last two blog entries were delayed.
According to The Wall Street Journal, Warren Buffett’s Berkshire Hathaway announced plans to invest $5 billion in Bank of America.