Quote from day7793:
Yeah the greediest of them all showed up on CNBC today smiling and dropping the " R " word bombshell knowing quite well what impact this will have on the trading world. While he stokes fears of recession he is busy accumulating bigger positions himself. Do what I say not what I do? Right?
I had to think this through took me a while to grasp this by the bone.
Warren Buffet wants to scare the daylights out of your manipulated asses. Why? Because he is an institutional trader. He is stoking your insecurity and fears. He is essentially a manipulator.
Because he is ferociously accumulating positions himself when you are selling and the stocks are cheap and under valued.
Its in his interest that he harks you and fools you blind. Never take words from the world's most ugliest greedy billionaire. He is on buying binges rolling his shirt sleeves while you make it easy for him.
But you do not have the wherewithal or the nerve to buy right now ?
Here is a piece someone wrote about him today read it:
"It's worth noting, however, that his grim assessment of the current state of the economy aside, he continues to invest aggressively in stocks he believes are undervalued. Last month, he became the largest shareholder in Kraft (NYSE: KFT) and
also picked up shares of GlaxoSmithKline (NYSE: GSK).
The point is that investors seeking to emulate Buffett probably shouldn't be scared away from stocks by broad macroeconomic trends. Recession or no, Warren Buffett invests zealously in companies he believes in."
Yeah right....
Quote from day7793:
Yeah the greediest of them all showed up on CNBC today smiling and dropping the " R " word bombshell knowing quite well what impact this will have on the trading world. While he stokes fears of recession he is busy accumulating bigger positions himself. Do what I say not what I do? Right?
I had to think this through took me a while to grasp this by the bone.
Warren Buffet wants to scare the daylights out of your manipulated asses. Why? Because he is an institutional trader. He is stoking your insecurity and fears. He is essentially a manipulator.
Because he is ferociously accumulating positions himself when you are selling and the stocks are cheap and under valued.
Its in his interest that he harks you and fools you blind. Never take words from the world's most ugliest greedy billionaire. He is on buying binges rolling his shirt sleeves while you make it easy for him.
But you do not have the wherewithal or the nerve to buy right now ?
Here is a piece someone wrote about him today read it:
"It's worth noting, however, that his grim assessment of the current state of the economy aside, he continues to invest aggressively in stocks he believes are undervalued. Last month, he became the largest shareholder in Kraft (NYSE: KFT) and
also picked up shares of GlaxoSmithKline (NYSE: GSK).
The point is that investors seeking to emulate Buffett probably shouldn't be scared away from stocks by broad macroeconomic trends. Recession or no, Warren Buffett invests zealously in companies he believes in."
Yeah right....
Quote from Don Bright:
Mr. Buffett is a long term investor who prefers to buy entire companies and has never worried about the day to day markets. He has a pretty good grasp of reality, he and others think the "R word" has been going on for some time. The sub prime train wreck, the $1200 "bail out" for Americans, the Bond insurer possible bail out, geez, economy doing well?
We (in general) are not directional type traders, and this allows to be a bit more objective to macro economics, IMO. We ride the waves up and down, short and long term, without too much fear or greed...seems to make sense to me.
When traders start talking their positions, generally their vision is a bit biased and blurred. I don't know if the market is going up or down, but I do know that it makes little difference to our traders.
FWIW,
Don

Quote from plugger:
You are down 30% this year for a reason. I really wish you would stop posting. You are simply NOT THINKING. You are inflexible in your approach and insist on ignoring the facts.