Recently, I came across a blog post by a fellow blogger here about what Uncle Warren is currently buying. Warren recently added to his position in Johnson & Johnson (JNJ), among other names. However, JNJ really caught my eye.
If you will remember in a post back on July 26th, I recommended JNJ, as well as MRO, and KMB. At that time, JNJ was trading at $57.74, and is now trading at $59.35, up 2.79%. In the same time period the Wilshire 5000 is down by 2.29%.
It is worth mentioning that KMB is also up 1.79%, and MRO is down 2.49%. I still like all three names, and Buffett buying JNJ is just a bonus.
For now, I see the market in a long-term uptrend. Sometime this week, I hope to put together an in-depth post on Treasury Bonds and interest rates that I think you will find interesting. I have been gathering data and formulating this piece on the upcoming Treasury bubble. I think you'll find it interesting. Stay tuned.
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