Not as big of a concern around here as you think it should be. Here's why - good traders can take money out of any market. Recession, bull, and in between.
Warren Buffet: We are in a long and deep recession the likes we have not seen
- Thread starter jackstone54
- Start date
Why do people get all flustered when warren buffet speaks. just because someone is a success does not mean they are all knowing. We have been hearing about crisis after crisis after crisis, from expert after expert after expert. And the one thing they have in common is that they never materialize.
There is a segment of the population that preys everyday for a large group of victims so they can come to the rescue. Save the down trodden.
The only crisis we have in this country is the government. We do not have a prayer this election cycle. Our vote will be cast not for a leader, but for who we hope will do the least amount of damage to our freedom and liberty. For all the solutions we hear about, the only one that will work is not talked about. The solution is "We the people" because when we the people are left to our own devices then great things happen.
So if you fall in to the category of Doom, Gloom, and crisis around every corner then you are part of the problem, you are weak and pathetic. Stop believing everything you read and hear. Stop and smell the roses.
The only reason we debate the recession issue, the housing crisis issue, the unemployment issue, is because we do not know for sure if it is true or not. If we saw it every day then we would know, but we don't see it, we are told it. Seeing is believing.
Very, very true. Consumer debt is at an all-time high; the US Savings rate is approaching all time historic lows. John Q. Public has learned from our fearless leader that it's OK to borrow, and put oneself in debt. This is the mentality of the average consumer now - it is one of many cards that will be tumbling as this recession takes hold.
Why can't he wait till Wednesday see the GDP numbers and than mouth off? Is that too much a rational thing to do?
Obviously he has a reason for his message: You sell stocks and he scoops them for the long haul. He is just like you, but he is a bigger, savvy , institutional trader.
Never ever listen to these people. People like Goldman Sachs, Credit Suisse, Buffet, Soros, and others who have five fingers in the pie.
You forgot to add:
1/ Sky is falling
2/ The Titanic is about to sink
3/ We are done
4/ Real estate will never come back
5/ We deserve more than what we are entitled.
But if you see life in last 4 months nothing drastic has happened. Life is still going on in America, people are slurping Starbucks, Watching flat screen TV listening to IPODS and spending away every last dime they have.
People like Greenspan, Nouriel Roubini and now Warren Buffet are all mouthing off " R " word at every opportuinity in the media and shaking you in the pants.
Buffet has the rarest of all commodities:
Being a savvy institutional trader he wants you to sell so he can scoop all those stocks on the cheap.
yawwn.
This is old news. I do feel for those who are in the Traditional Financial Industry, Retail, Hospitality, and all those companies that do not have a "global presence". They are FUBARED.
But then again, I truly do not feel for them nor the consumer who is in debt beyound repair and will fall into the waste land of proverty.
Capitalist will Survive, one way or another.
This is old news. I do feel for those who are in the Traditional Financial Industry, Retail, Hospitality, and all those companies that do not have a "global presence". They are FUBARED.
But then again, I truly do not feel for them nor the consumer who is in debt beyound repair and will fall into the waste land of proverty.
Capitalist will Survive, one way or another.