Warren Buffett's Berkshire Hathaway has rallied to a 6-month closing high, with help from the overall stock market's gains.
Today's 1.9 percent gain puts Berkshire's Class A shares at $95,300 each. That's just above their May 8 closing high of $95,295 and the best finish since January 13. Berkshire is up 5.3 percent on the week.
Berkshire's rally comes as the overall stock market is also moving higher. Today the S&P and Dow added to yesterday's big gains to finish at fresh 8-1/2 month highs.
(While Buffett told CNBC today he still doesn't see any signs of a near-term economic recovery, he also still thinks stocks will outperform governments bonds over the long-term, despite recent gains that have put the Dow back above 9000.)
The S&P continues to outperform Berkshire with a year-to-date gain of 8.4 percent, excluding dividends. Berkshire Hathaway is still in negative territory for the year with a loss of 1.4 percent. It has, however, jumped by almost a third from its 2009 closing low of $72,400 on March 5. At that point, it was down 25 percent on the year.