I sold out of my small position in GE shares. I came out with a 10% gain, but was down up to 30% at one point. [more]
Per Gurufocus, Warren has boosted his stakes in both Burlington and Union. [more]
An excellent Seeking Alpha article on railroads argues that Burlington Northern is the best of the breed, followed by Union Pacific. [more]
As I write this, there are some stress test results up on the front page of Marketwatch. Goldman Sachs, US Bancorp and JP Morgan don't need new capital. Wells needs $13.7bn; this is unfortunate, but they will survive. BoA needs over $30bn. Citi needs $5.5bn.
With the dilution, BoA will be near worthless. Citi was already basically worthless. I believe Warren Buffet stated that he felt Wells should not need new capital.