So let’s take a look at what was happening in business news this week:
- JC Penney kicks off liquidation sales at 136 stores this week – CNBC
- Norwegian stock plunges after cruises put on hold through September – Market Watch
- Extra $600 in weekly unemployment benefits runs out next month. Here’s how to prepare – USA Today
I am sure there is plenty more important in the news… let me know what is important to you in the comments.
As far as the blog, this is what we have been taking about:
- We analyzed GE and WMT (Walmart) to see if they were good buys as stock. We found that GE leaves a lot to be desired but Walmart actually comes pretty close. If they had a better cash and debt position then maybe, just maybe.
- We talked about having the temperament of a stock investor. Warren Buffett said that an investor takes no pleasure from going with the crowd or against it. Well kinda. See the actual quote in the post.
- We talked about whether maybe Warren Buffett has lost his investing touch. Who knows, maybe. But he still has a better long-term investing track record of anyone alive. Possibly even not alive.
- I talked about a specific plan of action to save more money. Yes, beating a dead horse here… I just thought I’d try to be more specific about what try.
- We talked about whether we are closer to the top or bottom of the market right now. This was really a demonstration of looking at charts. I don’t use them in a technical way, but I might use them to partially figure out if I need to raise more cash or buy more shares.
- We talked about U.S. Treasuries and when we should invest in them. Wait until you are retired, then maybe.