Berkshire Shares Hit Record

What is the highest priced stock traded in the United States? It is the A-class stock of Warren Buffett's company Berkshire Hathaway (BRK-A). The shares recently touched a record high of over $300,000 per share. Does this mean it is the highest valued company? The answer is no, as that distinction belongs to Apple, with a market cap of $906 Billion (vs. Berkshire's $493 Billion). The main reason for this difference is that Buffet has not split Berkshire's stock. See related article here, Reuters.

GE Hits Fibonacci Support

Traders who rely on technicals often try to identify support (and resistance) levels for stocks. Such levels may be based on moving averages or historical lows (and highs), but another common approach is using Fibonacci numbers (i.e., the "golden ratio"). According to this process, a key support level is a 61.8% retracement from a high price, which GE is approaching. See article here, MarketWatch.

Understanding the VIX

The number of volatility linked investment products has grown significantly since the "great recession." Many of these products are linked to the VIX, or volatility index. Unfortunately, many investors have a limited understanding of what the VIX actually is. Fortunately, in a recent article, the WSJ attempted to provide a brief explanation.