Warren Buffet: We are in a long and deep recession the likes we have not seen

[mokwit]

Until I came to ET I was vigorously opposed to compulsary medication of the insane. Now I'm not so sure.........................

 

[agmccall]

Quote from shortie:

I was at Sears last Saturday. The store was quite empty ~@5pm.

You do not need a recession for Sears to be empty

 

[Bootsie]

Quote from ByLoSellHi:

Buffet has the rarest of all commodities: common sense.

The unstoppable and mythical American Consumer is mortally wounded, and the savers in Asia are not going to pitch in and buy all the useless shit (e.g. George Foreman Grills, Showtime Rotisseries, meds for restless legs syndrome, and garden weasels) needed to make up for the slack.

One of the best posts I have seen in a while.

 

[gnome]

Quote from agmccall:

You do not need a recession for Sears to be empty

There's a Sears store across the street from Denver's sort-of famous Cherry Creek Mall. Sears has been there for at least 60 years, and every time I go in there the shoppers are so few I wonder how they are paying the bills.

 

[stock_trad3r]

Buffet is overrated

he doesn't know his butt fomr a hole in the ground

He missed out on GOOGLE, Mastercard, Commodities, Potash and just about every growth sector in the past five years

he's just bitter that his crappy 90's bluechip portfolio is in the dust

 

[dumpandbasher]

Quote from stock_trad3r:

Buffet is overrated

he doesn't know his butt fomr a hole in the ground

He missed out on GOOGLE, Mastercard, Commodities, Potash and just about every growth sector in the past five years

he's just bitter that his crappy 90's bluechip portfolio is in the dust

You sound jealous that you aren't as rich as he is.

 

[stock_trad3r]

Buffet's stock picks for the past eight years have done pretty poorly, actually. He missed out on a lot of recent market trends.

 

[bellman]

Can't say this enough. When will the rest of the country wake up? Oh yeah, when it's too late.

Quote from blackchip:

Too bad Buffett won't point fingers at his buddies on the street and at the Fed.

Yeah, the economies gonna crap out, but we just can't figure why this happened...

Heads should be rolling down the steps of the Fed.

 

[stock_trad3r]

Bufett is dead wrong. Heshould be checked for dementia since this is an egregious prediction.

 

[bellman]

It shouldn't be hard for buffet to make stock picks. Go long then tell all his friends and followers what position to take, go short then tell them to reverse. What could be easier than that!

Quote from stock_trad3r:

Buffet's stock picks for the past eight years have done pretty poorly, actually. He missed out on a lot of recent market trends.