Daily Blogwatch: The Case Against Quantitative Easing
Among today's top stories for investors: Why stocks are cheap but bonds are not; could we see Dow 55,000 by 2033; and the case against QE2.
Among today's top stories for investors: Why stocks are cheap but bonds are not; could we see Dow 55,000 by 2033; and the case against QE2.
Among the day's top online stories for investors: Why the housing market is ready to boom, which sector significantly outperformed the S&P over the past year, and the scoop on Warren Buffett's successor Todd Combs.
After plunging most of Tuesday on uncertainty about Combs, Berkshire shares recovered somewhat as investors learned more about him. Combs's Castle Point fund was seeded by former Goldman Sachs CEO Stephen Friedman's Stone Point Capital.
Why did Buffett tap Combs? Based on Combs's track record, it's clear that he has done well in financial services stocks while limiting risk. Plus, he shares Buffett's approach to investing -- and for writing amusing investor letters.
It's the moment many in the financial world have been waiting for: a clue about who'll succeed the Oracle of Omaha as the chief investment officer at Berkshire Hathaway. We're getting a little closer. Meet Buffett's top choice.



