Me too... sure is a sigh of relief huh?Quote:
Originally Posted by Sixgun
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Me too... sure is a sigh of relief huh?Quote:
Originally Posted by Sixgun
Actually, I'm buying some shares in a mutual fund today. With the price down and all the panictards selling there are bargains to be had.
And, if it all falls apart tomorrow, oh well. I've got guns and friends. :-D
Bargin basement sales will only go so far. Inflation is coming like you've never seen. We as people need to start deflating the economy. The market is hoping for free money and is holding on by a thread, the leeches have not sucked the last drop of blood out of the market yet.
BTW housing prices are down national average 16% from last year
Buffett Slams 'Sharecropper Society'; Lotus Notes Creator Ozzie Joins Gates' Team.
Forbes.com staff, 03.11.05, 8:30 PM ET
NEW YORK - Doers and doings in business, entertainment and technology:
Buffett: Berkshire Hathaway CEO Blasts 'Sharecropper's Society'
Warren Buffett
Is the Oracle of Omaha losing his touch? Billionaire investor Warren Buffett apologized to Berkshire Hathaway (nyse: BRKa - news - people ) investors for a dud deal year. "My hope was to make several multibillion-dollar acquisitions that would add new and significant streams of earnings to the many we already have," he wrote in his much-anticipated annual letter to shareholders. "But I have struck out." Buffett promised to act quickly on good investments in the $5 billion to $20 billion ballpark, but Jeremiahs are already predicting a gloomy 2005 for Buffet and Berkshire's vice chairman, Charlie Munger. "He won't find anything this year," said Steve Kaplan, a professor at the University of Chicago Graduate School of Business. "Since he likes to buy things cheap, it's harder to find." Of course we all should have Buffett's batting average: Even without deal making, Berkshire Hathaway's net worth rose $8.3 billion in 2004. And tossing the Berkshire Hathaway hair shirt aside, Buffett blasted the U.S. for its continued trade deficit. "A country that is now aspiring to an 'Ownership Society' will not find happiness in--and I'll use hyperbole here for emphasis--a 'Sharecropper's Society,'" Buffett wrote, "But that's precisely where our trade policies, supported by Republicans and Democrats alike, are taking us."
Uh...
Why did you post an article that's three years old?
Also, the DOW is back up 371 points. It's recovered half of the value it dropped this morning. Down 7%, back up past 3.5%.
Things are going to be dicey for awhile, especially as Wall Street types continue to sit tight to see if they're going to get the bail out.
So much for your source. Dow closed up 485.21 (4.68%), NASDAQ up 58.35 (5.27%).
There have been 13 banks and 5 credit unions that have failed.
Maybe Congress should just take the day off for the next 5 years.
Invest in precious metals. Lead and copper.
me too !!![Beer]Quote:
Originally Posted by Sixgun
done....and done. ;0Quote:
Originally Posted by Hoser
The stock market is one element in this green wienie heading our way. What has happened is money has stopped being loaned. No new money = no growth. The crisis will be snowballing sooner if the Congress doesn't rape us. Our currency has been debased and since gold doesn't back it, it will become more and more worthless, as this down turn continues.
The article from 2005 was a prediction of things to come after the collapse of the US economy.
Brass and copper look better each day.