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Longtime stock bull now telling investors that Wall Street’s party is about done

“Then, see what Warren Buffett thinks of cryptocurrencies, find out what could make more Americans financially great, and learn how U.S. income inequality and its consequences threaten the American Dream” reports marketwatch.com. Piper Jaffray’s Craig Johnson thinks the stock market could correct by 20%.Bitcoin’s price surge looks more like Amazon.com than Pets.com Billionaire investor Warren Buffett is confident the cryptocurrency story will end in tears, but he isn’t staking any money on bitcoin or its brethren either way. Source: marketwatch.com Share This:

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Analysts worry ending Nafta could halt the bull market in stocks

“The specter of increased trade protectionism was raised on Wednesday, following a report suggesting President Donald Trump may announce a withdrawal from the North American Free Trade Agreement” reports marketwatch.com. Remember, it’s about trading, not investing, so you need a proven method, says Nigam Arora.Billionaire investor Warren Buffett isn’t betting on bitcoin or any other cryptocurrencies. Source: marketwatch.com Share This:

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Crypto News 

Warren Buffett says cryptocurrencies headed for a ‘bad ending’

“In terms of cryptocurrencies generally, I can say with almost certainty that it will come to a bad ending,” the Berkshire Hathaway BRK.A, +0.27% BRK.B, +0.30% chairman and chief executive told CNBC in an interview” writes William L for marketwatch.com. Buffett said that if it were possible to buy a five-year put option “on every one of the cryptocurrencies” he would do so, but that he would never “short a dime’s worth” of any of them outright. Buffett also said he had no interest in trading bitcoin futures XBTF8, -5.54%…

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Warren Buffett says ‘huge’ corporate tax cut is ‘not baked in’ stock market

“Warren Buffett believes the corporate tax reform bill is very bullish for stockholders” writes David A for cnbc.com. The tax overhaul, which President Donald Trump signed into law last month, lowers the corporate tax rate to 21 percent from 35 percent.The billionaire chairman and CEO of Berkshire Hathaway also explained the magnitude of the tax cut is not reflected in the stock market yet.”The tax act is a huge factor in valuation,” he said on CNBC’s “Squawk Box” on Wednesday. Source: cnbc.com Share This:

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Crypto News 

Buffett on cryptocurrencies: ‘I can say almost with certainty that they will come to a bad ending’

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said” writes Berkeley Lovelace Jr for cnbc.com. Billionaire investor Warren Buffett told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won’t end well.Buffett said he would not take a short position on bitcoin futures. Source: cnbc.com Share This:

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Buffett partner Charlie Munger says bitcoin, Silicon Valley are bubbles

“Warren Buffett’s right-hand man, Charlie Munger, blasted the frothiness in venture capital funding and bitcoin Wednesday During a phone interview on CNBC’s “Squawk Box,” Munger was asked if bitcoin was a bubble” writes David A for cnbc.com. “Yeah sure [on bitcoin] and venture capital, too,” Munger replied.On “Squawk Box” on Wednesday, Buffett also said the craze over bitcoin and other cryptocurrencies won’t end well.Munger is one of the most celebrated investors in the world and was an essential partner in Buffett’s success.”Bitcoin and the other cryptocurrencies are also bubbles,” he…

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Warren Buffett: US kids will live better than their parents

“His essay highlights a special Time issue, titled “The Optimists,” guest-edited by philanthropist and Microsoft founder Bill Gates” writes unknown author for cnbc.com. The essay for Time magazine’s Jan. 15 issue (available Friday, Jan. 5), by Buffett, 87, comes as Millennials are projected to be the first generation in U.S. history to do worse financially than their moms and dads. Source: cnbc.com Share This:

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Warren Buffett has won his $1 million bet against the hedge fund industry

“With 2017 over, Warren Buffett has sealed his victory over hedge funds in a bet he made a decade ago” writes Finanzen Net Gmbh for businessinsider.com. As of last week Friday, his S&P 500 index fund compounded a 7.1% annual gain over that period.The Berkshire Hathaway chairman in 2007 bet $1 million of his money that the S&P 500 would outperform a selection of hedge funds over the following 10 years.Actively managed funds have seen outflows while passive funds gained since the financial crisis.Buffett has long taken issue with hedge…

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Buffett wins his hedge-fund bet — and this nonprofit wins bigger

“Buffett bet $1 million in 2007 that an index fund would outperform a basket of hedge funds over a decade” writes Nicole Friedman for marketwatch.com. The competing basket of funds of hedge funds selected by asset manager Protégé Partners returned an average of 2.2%.The real winner of Warren Buffett’s 10-year bet against hedge funds is Girls Inc. of Omaha. Source: marketwatch.com Share This:

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A fresh reason to get a piece of the soon-to-be-disrupted sector Warren Buffett once loathed

“Warren Buffett, who made up with airlines about a year ago, owns several, including Delta and United” writes Markets Reporter for marketwatch.com. Onto our call of the day, which suggests investors get some exposure now to a sector that may soon be catching up to technology — airlines.Tony Daltorio, former broker and editor of Growth Stock Advisor, has specific ideas on which names — and why — investors should be buying.It’s been a market leader, and bulls don’t want to see it show weakness here,” said Kimble.No rest for cryptocurrency…

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