"In 5 Years, Everything Will Be Fine"... Buffett

[gnome]

Quote from libertad:

What is most probable ?

The $70 Trillion becomes $200 Trillion....

But not in real terms.....not true wealth....

Via money stock dilution....

Stocks could rocket....but yet not keep up with
monetary dilution.....

That's what almost always happens as the print-money phase accelerates (and before complete monetary and wealth collapse). I'm sure we'll have it before "the revolution"..

 

[CaptainObvious]

How many can last 5 years? It's like saying I'll give you a million bucks right after I hold your head under water for 2 minutes. A few can do that, but most will drown.

 

[wavel]

Quote from gnome:

That's what almost always happens as the print-money phase accelerates (and before complete monetary and wealth collapse). I'm sure we'll have it before "the revolution"..

If the government can keep enough of the "middle class" happy there will be military rule long before a revolution in order to "control" the "lower" classes. The greed and self-serving nature of the middle class will temporarily prevail over the anger and suffering of the "lower class" majority.

A conversational extract from the average ignorant middle class couple in the year 2011 (to the sound of machine gun fire about 10 miles away).

"Hey honey, I don't mind having the chipped wrist because my boss told me I'm due an extra 2000 bucks pay rise this year"

"Ok honey thats great, are we having pizza or fried chicken tonight"?

 

[drukes1234]

Quote from gnome:


Personally, I think there is a greater chance of the Dow being under 3000 in 5 years rather than "we'll all be fine".. [/B]

I'm sorry, but this is the most pathetic prediction I have ever seen. Under 3000 in the Dow in 5 years.. honestly, I almost fell off my chair laughing there!!!!

 

[PohPoh]

In 5 years, everything will be fine...
yup...
one of the top 3 lies on this green earth...

the others are
1) The check is in the mail
2) I won't come inside you

 

[gnome]

Quote from drukes1234:

I'm sorry, but this is the most pathetic prediction I have ever seen. Under 3000 in the Dow in 5 years.. honestly, I almost fell off my chair laughing there!!!!

Well then, "LOL your ASS off" further... that's my "sugar coated" consideration..

Friendly suggestion... more analysis and logic.. less hope and faith...

 

[drukes1234]

Quote from gnome:

Well then, "LOL your ASS off" further... that's my "sugar coated" view..

I loaded up in my IRA today on SPY's.. I'm not looking 5 years out, I'm looking 30 years out but I'm more confident than I can explain in a simple post how confident I am we won't be a 3 fekin 000 in the Dow in 5 years

 

[gnome]

Quote from drukes1234:

I loaded up in my IRA today on SPY's.. I'm not looking 5 years out, I'm looking 30 years out but I'm more confident than I can explain in a simple post how confident I am we won't be a 3 fekin 000 in the Dow in 5 years

Maybe too bad you didn't save some firepower to double down a couple of times.

For a bear market bounce you might make a few coins, but in the "big picture", you're waaayyyy off.

 

[drukes1234]

Quote from gnome:

Maybe too bad you didn't save some firepower to double down a couple of times.

For a bear market bounce you might make a few coins, but in the "big picture", you're waaayyyy off.

No, you're WAY off, go trade, don't see how you make a living with close to 10,000 posts.. WOW

 

[gnome]

Quote from drukes1234:

No, you're WAY off, go trade, don't see how you make a living with close to 10,000 posts.. WOW

I've got $Millions! You even GOT a pot to piss in?

You are an prime example of what I dislike about ET... Waayyy too many non-thinking pissants who run their mouth at the drop of a hat...