Two articles in Bloomerg.com today are also further circumstantial evidence that things are bottoming out:

Citigroup insiders have made $2.2 million on company stock.  If the insiders are buying (their own company) THAT is a VERY healthy sign!!  YES, I KNOW - if you buy stock at $1.25 you can buy a lot - and they did!  Very encouraging that they are putting their money where their mouth is!  (Now careful, these are paper profits and they could sell anytime too - but I believe they would be immediately slapped with an insider trading lawsuit, so they are probably in for the long haul - "the insiders" I am writing about - the article is here.

Warren Buffett and Berkeshire Hathaway are on the prowl for U.S. company stocks that are a great value!!  The article is here.

What was the saying Warren made in his annual report?!!?  Oh, yeah:

 

 

 

“As we view Geico’s current opportunities,” he wrote, referring to the insurance company that Berkshire Hathaway owns, he and his company’s chief executive “feel like two hungry mosquitoes in a nudist camp. Juicy targets are everywhere.”