Replies

It's Friday and the adventure continues! Yesterday's expected rocket metals and torpedo stocks ended up w/ mixed metals and "off a bit" stocks. Now futures are expecting the reverse of those two and we wrap up reports this week at 2PM w/ the Treasury Budget. The latest from the Nobody-Knows-Nuttin' News Service:

European Stocks Rise, Rebounding From Five-Day Decline Businessweek
Markets bounce after Portugal banks trigger sell-off: live Telegraph.co.uk
Oil slips towards $108, heading for 3rd weekly loss Reuters - 4 hours ago ... * IEA says markets well supplied but risks "extraordinarily high". * "Little room for complacency" in oil markets, IEA says.
Obama, corporate giants announce plan to boost suppliers Reuters - an hour ago WASHINGTON, July 11 (Reuters) - President Barack Obama is enlisting several major U.S. and multinational companies to draw attention to an initiative aimed at helping small businesses expand and hire workers.
Rising bond yields point to rate rises Financial Times - 3:08am Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
In Jobs, GDP Data, a Baffling Contradiction - Floyd Norris, New York Times
Dow 17,000 Is Just a Number, Not a Milestone - Chuck Jaffe, MarketWatch
What Good Is a Crash to Prevent a Crash? - Noah Smith, Bloomberg

Spot the flaws in this Motley Fool article:

Warren Buffett Tells You How to Turn $40 Into $10 Million

By Patrick Morris | More Articles | Save For Later

Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million.

A few years ago, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) CEO and Chairman Warren Buffett spoke about one of his favorite companies, Coca-Cola (NYSE: KO ) , and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company’s stock when it went public in 1919 would now have more than $5 million.

Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.

http://www.fool.com/investing/general/2014/01/07/warren-buffett-tells-you-how-to-turn-40-into-10-mi.aspx