BRK.a is going back to 100,000.
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Say goodbye to Berkshire Hathaway
- Thread starter Port1385
- Start date
It's not at all like YHOO or MSFT... it's more like a mutual fund and given its holdings the market as a whole would have to lose another 50% to 60% for Berkshire to reach your $30K target.
Quote from Port1385:
Think about year 2000 stocks like Yahoo and Microsoft. Impossible, everyone uses Yahoo, everyone uses Microsoft. No chance for a downturn!
Buffet got in over his head with these explosive derivative trades and bought into downtrending companies that got cut in half.
http://finance.yahoo.com/news/Fitch-cuts-top-rating-on-rb-14624808.html
News just in. Berkshire got its AAA status revoked and is now sub-prime. No one will lend money to Berkshire.
Margin calls, deep underwater in ALL security positions, horrific credit derivatives massacre, credit rating downgrades...
what will be the next shoe to drop at Berkshire? I know I know.
Buffet doesnt care what is said or happens, but what about the holders of the common stock. Do they care about all this mischief by Berkshire?
News just in. Berkshire got its AAA status revoked and is now sub-prime. No one will lend money to Berkshire.
Margin calls, deep underwater in ALL security positions, horrific credit derivatives massacre, credit rating downgrades...
what will be the next shoe to drop at Berkshire? I know I know.
Buffet doesnt care what is said or happens, but what about the holders of the common stock. Do they care about all this mischief by Berkshire?
BRK.a ALWAYS does that huge white candle in the final 30 minutes
Berkshire is in big trouble. Margin calls, upside down positions taken during the height of the bull market, Buffets stubborn refusal to take profits, credit derivatives blowing up and now rating downgrades.
This seems like a house of cards ready to fall like Lehman or Bear Stearns. Everyone would have laughed in 2007 if anyone even brought up the idea of bankruptcy for those two.
Buffet bought huge in general electric and now he is upside down. I dont even want to mention Johnson and Johnson. Oh man.
Oh what a surprise, its down another 4% today.
This seems like a house of cards ready to fall like Lehman or Bear Stearns. Everyone would have laughed in 2007 if anyone even brought up the idea of bankruptcy for those two.
Buffet bought huge in general electric and now he is upside down. I dont even want to mention Johnson and Johnson. Oh man.
Oh what a surprise, its down another 4% today.