Markman Says Rally Doubters Are Wrong

MarketWatch columnist and money manager Jon Markman says that while many investors don’t believe it, the rally still has plenty of room to run — and that corporations will keep it rolling even if individual investors don’t. Markman points to the government’s massive stimulus plan, record low interest rates, and the large amounts of money being pumped into corporate bonds as reasons for his optimism. “If the public doesn’t get on board with this bull market, the companies are going to do it themselves, both by buying other companies … and buying back their own stock,” he says. He thinks […]

Billions in Derivatives Losses Looming for Buffett, Berkshire?

Investment author Jon Markman says in his Nov. 19 “Trader’s Advantage” newsletter that the losses Warren Buffett and Berkshire Hathaway have recently incurred because of the plummeting market may be only the start of their problems. “If you want to talk about problems that are not fully discounted by the market yet, let me just throw one bombshell out there. … What if Berkshire Hathaway, the most respected insurance company in the world, were to suffer a large loss on derivatives, much like American International Group did?” Markman, a former financial reporter and columnist who wrote for the L.A. Times, […]