This is still isn't red light danger level for Warren Buffett's holding company, but is indicative of nervousness, and awareness that he may be holding some toxic derivatives.
Monday, December 1, 2008
Fear At Berkshire Hathaway?
A trader friend reports that Berkshire Hathaway's cost for credit default swaps (CDS) has soared to $475,000 per $10 million which was higher than Citicorp’s at it's peak fear period, which was about $380,000 per $10 million.
This is still isn't red light danger level for Warren Buffett's holding company, but is indicative of nervousness, and awareness that he may be holding some toxic derivatives.
This is still isn't red light danger level for Warren Buffett's holding company, but is indicative of nervousness, and awareness that he may be holding some toxic derivatives.
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