After the whole world is sure that Warren Buffet will fail...

Quote from DrPepper:

I work in a hospital and I can tell you first-hand that our ER is getting a dramatically increased number of uninsured patients as a result of the high unemployment rate. It is nearly impossible to collect money from people who have no or low-paying jobs. Our hospital system is in a financial crisis as a result. They stopped matching our 403Bs and the executives are all taking pay cuts.
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Maybe it is due to your greed. I am sorry that a DR that prescribes lipitor 400 times a week only makes $250,000 a year and has not cured a patient since he left med school.

The greed and selfishness of DRs and health care "professionals" is doing more damage to the economy than anything Citibank could possibly dream up.
 
BAC had a 'profitable' 2008. I dont trust anyones books, who knows how much BRK is worth. It sure heck wont have the kind of growth it used to have due size constraints, correlation to the US collapse and buffett financial sector alocation mistakes
 
Quote from 1flyfisher:

What does this mean?
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Means :

I still see some value in stocks like Wal Mart, Kraft Foods, Joohnson & Johnson, Merck, Pfizer, Procter & Gamble, Coca Cola.

Bank story is over. Full stop.

Whoever - until now - has not hedged his portfolio is dumb and should be punished !
 
Quote from ASusilovic:

I have principally to buy stocks now.

I hope that globally every pundit is 100.000 % sure that we will have a prolonged and deep recession !
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Agree with you, I would like tomorrows open to be a big gap down actually due to bad unemployment numbers which will lead to a monster rally. I am looking to trade TNA tomorrow for a massive move up +10% move (looking at +5% tomorrow on the indicies, if not more). Things are bad but this is not a depression and the market is trading like it is, for the moment equities are way, way oversold. Good trading to you. :)
 
Quote from reiser999:

The old man has lost his edge. Buffett's and Graham's strategy only works in a Bretton-Woods world. Those days are numbered. The dollar as the reserve currency is the only reason why we haven't seen real social unrest in the US.

In 2, 5 or 10 years once hyperinflation kicks in due to the money printing the question of the dollar's value will come into question. Once people around the world start selling foreign reserves in an attempt to repatriate that capital due to increasing social unrest the game will be up and then there will be social unrest in the US on a whole different scale. Areas like China and even Central/Eastern Europe were used to a level of poverty, whereas in America the only qualification to being poor is not being able to afford more than one ipod every 1-2 years, that is not a healthy situation.

The commercial real estate market still has not crashed yet. When there are companies like Circuit City, and Linens and Things going under not to mention the plethora of large chain stores closing their shopping centers it has a REAL effect. Once the Commercial loans start to reach maturity later this year and next year then you will see a completely new level of systemic risk. If you think leveraged residential real estate is something then you haven't seen anything yet.
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I could not agree more. I am a prop trader and trade some REITs like BXP and VNO and these things are just being destroyed. Looks like they may still fall another $20. So is commercial real estate going to be the coup d'etat? Anyone care to elaborate on this thesis, because it sure looks likely to me.
Also, I could not be more bearish on the U.S. dollar. But right now where is the capital going to flow? I mean Wall Street pretty much brought down the world with it. Social unrest? VERY LIKELY. The truth is that the Federal Reserve makes Madoff look like a quaint little neighborhood con artist. THE FED IS THE LARGEST PONZI SCAM EVER... just hope we get out of this one and can delay our eventual demise for another decade or so...
 
Quote from zman7854:
Things are bad but this is not a depression and the market is trading like it is, for the moment equities are way, way oversold. Good trading to you. :)
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Agree that this is not a depression, and that the market will have some violent swings up, but as far as buying and holding, I'm just not sure yet. Having said that... I bought some stock today. Dumb, I know, if I believe that DOW 6000 is a decent possibility, but I couldn't help myself, and these stocks could go to zero and not affect me in any way. I bought tiny positions, just to free my mind, in a sense.

If you are buying for a real recovery in the overall markets as opposed to a violent upswing where you're out at a quick profit, you have to ask yourself when you thnk that might be, and I have no faith that it will be anytime within the next few years, at least in the American markets. I'd rather trade in and out for the time being.
 
Quote from spinn:

Maybe it is due to your greed. I am sorry that a DR that prescribes lipitor 400 times a week only makes $250,000 a year and has not cured a patient since he left med school.

The greed and selfishness of DRs and health care "professionals" is doing more damage to the economy than anything Citibank could possibly dream up.
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What do you think about the MD's who get a check from drug companies they write the most Rx's for? Amazing huh?!? I believe it was Dateline who did a story on Dr's getting vacations paid for by drug companies, one getting a $475,000 check, and another who actually didn't want the money, and sent it back.

If a retail broker were caught getting $1 from an investment company rep, that's a career ender.

Strange World huh?
 
Quote from makloda:

The time to buy BRK will be when we see "The death of Berkshire Hathaway" on the cover of TIME magazine. That will mark rock bottom :cool:
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Agree. I can't think of a more perfect bottom indicator.
 
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