{"id":314044,"date":"2010-02-12T11:20:00","date_gmt":"2010-02-12T16:20:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-7752377492115605121"},"modified":"2010-02-12T11:22:01","modified_gmt":"2010-02-12T16:22:01","slug":"cnbc-pisani-berkshire-b-in-the-sp-today-%e2%80%94-what-to-expect","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/314044","title":{"rendered":"CNBC: Pisani: Berkshire B in the S&amp;P Today \u2014 What to Expect"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"fL tool_datetime clr\">Published:       <span class=\"cnbc_sbhd_comp\">Friday, 12 Feb 2010 | 10:49 AM ET <\/span><\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"padT\">\n<div class=\"fR tool_textsize\"><span class=\"cnbc_sbhd_comp fL padR\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"w100p fL clr padT marB20\">\n<div class=\"fL clr padB20\">\n<div class=\"fL\"><span class=\"cnbc_sbhd_comp\">By: Bob Pisani<br \/>CNBC Reporter<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Expect a little more volume than normal Friday: <b><strong>Berkshire Hathaway Class B<\/strong><\/b> shares are going into the S&amp;P 500 today. This is attracting an unusual amount of interest from the trading community, due to the large size of the addition. About $1 trillion is indexed to the S&amp;P 500. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Keefe, Bruyetee &amp; Woods estimates that 177 million shares of Berkshire <span id=\"WSODQ_COMPONENT_BRK.B_ID0EFF15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_BRK.B_ID0EFF15839609');<\/script><span id=\"span_quote_BRK.B_ID0EFF15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_BRK.B_ID0EFF15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_BRK.B_ID0EFF15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/BRK.B\" class=\"black_no_change\"><span id=\"set_quote_BRK.B_ID0EFF15839609\">[<\/span><span id=\"WSODQSTREAMOFF_BRK.B_SYMBOL_1_ID0EFF15839609\">BRK.B<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_LAST_1_ID0EFF15839609\">76.9189<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_CHANGEARROW_1_ID0EFF15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_up.gif\" border=\"0\" \/><\/span>      <span class=\"green_pos_change\" id=\"WSODQSTREAMOFF_BRK.B_DYNACOLOR0_1_ID0EFF15839609\"><span id=\"WSODQSTREAMOFF_BRK.B_CHANGE_1_ID0EFF15839609\">0.2289<\/span>    <span id=\"WSODQSTREAMOFF_BRK.B_UNCHHIDE_1_ID0EFF15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_BRK.B_CHANGEPCT_1_ID0EFF15839609\">+0.3%<\/span>)<span id=\"WSODQSTREAMOFF_BRK.B_FLASH_1_ID0EFF15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"BRK.B\",\"WSODQ_COMPONENT_BRK.B_ID0EFF15839609\",\"WSODQ\",\"true\",\"ID0EFF15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script> will need to be bought by S&amp;P 500 index funds at the close today. That is close to $13 billion, and about 15 times normal volume for Berkshire. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Indexers will thus need to BUY Berkshire in very large quantities, and SELL the remaining stocks in the S&amp;P 500, in proportion to their market capitalization. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Judging by the recent volume, some traders have been accumulating Berkshire recently in hopes of selling them to indexers at the close. Indexers of course are aware of this (this is a very old game) and, depending on how their rules are constructed, may be buying ahead as well. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>In general, the tendency for large additions such as this is to create a huge amount of volume but not too much in the way of price volatility. <\/p>\n<p><b><strong>Berkshire Class A<\/strong><\/b> Today: <span id=\"WSODQ_COMPONENT_BRK.A_ID0ESCAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_BRK.A_ID0ESCAC15839609');<\/script><span id=\"span_quote_BRK.A_ID0ESCAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_BRK.A_ID0ESCAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_BRK.A_ID0ESCAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/BRK.A\" class=\"black_no_change\"><span id=\"set_quote_BRK.A_ID0ESCAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_BRK.A_SYMBOL_1_ID0ESCAC15839609\">BRK.A<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_LAST_1_ID0ESCAC15839609\">115326.0078<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_CHANGEARROW_1_ID0ESCAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_up.gif\" border=\"0\" \/><\/span>      <span class=\"green_pos_change\" id=\"WSODQSTREAMOFF_BRK.A_DYNACOLOR0_1_ID0ESCAC15839609\"><span id=\"WSODQSTREAMOFF_BRK.A_CHANGE_1_ID0ESCAC15839609\">376.01<\/span>    <span id=\"WSODQSTREAMOFF_BRK.A_UNCHHIDE_1_ID0ESCAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_BRK.A_CHANGEPCT_1_ID0ESCAC15839609\">+0.33%<\/span>)<span id=\"WSODQSTREAMOFF_BRK.A_FLASH_1_ID0ESCAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><\/p>\n<p class=\"textBodyBlack\"><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. 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This is attracting an unusual amount of interest from the trading community, due to the large size of the addition. About $1 [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-314044","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/314044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=314044"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/314044\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=314044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=314044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=314044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}