20081126

The WIG Index continues its rally:



The intraday chart shows breaking daily high (27580) from 14th Nov:



The daily high (27580) has been taken and that gives buy system signal on medium- and short-term. Nevertheless, the weekly high (29600) has not been crossed, thus there is sell signal in long-term.

Warren E. Buffett (Oracle of Omaha) is know as the best value investor. Warren's Berkshire Hathaway fund averaged an annual return in excess of 21% to its shareholders for the last 42 years. However, in this year, Berkshire Hathaway has dropped ca. 50% (from its top 151.6k to 71.4k):



It seems no one is protected against strong trends in the market.

The Polish Monetary Policy Council has cut interest rates 0.25% (here via Google Language Tools) to 5.75%. This decision might result in polish bond rally, especially if interest rates are to be cut more.

Sources:
[http://en.wikipedia.org/wiki/Warren_Buffett]
[http://en.wikipedia.org/wiki/Berkshire_Hathaway]
[http://stockcharts.com/h-sc/ui?s=BRK/A&p=W&b=1&g=0&id=p84053406615]
[http://biznes.onet.pl/0,1869628,wiadomosci.html (via Google Language Tools)]