Happy birthday to Warren Buffett who turns 85 today and who remains extraordinarily sharp. In fact part of his success that is seldom recognised is that he has a sort of photographic memory for figures and all things business. And he combines that with an ability to do math in his head. Figures just mean so much more to him at a glance because of these abilities. It allows him to make decisions on his own at tremendous speed.
On Friday, the S&P was about flat and Toronto was up 0.7%. Lots of individual stocks jumping around though. Some preferred shares such as Canadian Western Bank and Enbridge up 3 and 4% in partial recoveries. AutoCanada up over 9% on the day, again as only a partial recovery from the depths of earlier in the week.
Oil is at $45.26. I have never (ever) claimed any ability to predict commodity prices especially in the short term. I don’t really think others can either. Most forecasters just seem to go with the recent past trend which they will predict will continue. Depending how far back they look (days, weeks, months) they will see the trend as up or down. I guess most would see it as down.