Back to square one? | Authers' Note -John Authers reports on US GDP numbers that eased recession fears. (FT.com, Feb 26, 2016)
@zerohedge "You don't buy GDP futures. You buy S&P 500 futures."— Douglas Kass (@DougKass) February 24, 2016
So Jonathan Golub is dead wrong on this.
S&P 500 futures signal more stock losses on oil as banks slide https://t.co/QvnDiYSi7X pic.twitter.com/GV6OWwZ1DU— Bloomberg Business (@business) February 24, 2016
|S&P 500 Index 3-month chart (source: google.com)|
Finally, ICYMI--Warren Buffett’s 50th annual letter to shareholders--BerkshireHathaway.com (pdf)