Downside Target Met In Berkshire Hathaway (BRKA)
Posted on: Tuesday, January 19th, 2016
Warren Buffett’s Berkshire Hathway (BRKA) met our $190,000 downside target last week (January 13th), which was first mentioned in our December 9th report entitled Today’s Reversal Warns Of More Near Term Market Weakness (access requires subscription) and again in the MarketWatch.com article entitled Apple, Berkshire shares signal more pain for market, to capture a 4% decline in about 5 weeks.
Here is the chart from our December 11thh report.
BRKA daily through December 9th 2015
Here is the current chart updated through Friday January 15th.
BRKA daily through January 15th 2016
Our initial interest in BRKA was its positive statistical correlation to the S&P 500 (SPX), the latter which has declined by 190.00 points or 9.3% during the same 5-week period.
All Contents © Copyright 2005-2018 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.