Warren Buffet will go broke

How can holding stocks be better than cash if we have a worse crash?

Can you explain that to me?

Cash will buy more equities if we have a worse crash...and more of everything.
 
...maybe he thinks hyper inflation is coming or at least 80's type high rates in which case he is right......but I am not yet convinced.
Quote from ByLoSellHi:

How can holding stocks be better than cash if we have a worse crash?

Can you explain that to me?

Cash will buy more equities if we have a worse crash...and more of everything.
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Quote from ByLoSellHi:
Cash will buy more equities if we have a worse crash...and more of everything. [/B]
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to keep it simple: Stocks are noted in US-Dollar and Buffet seems to think the value (in US-Dollar) will be higher in 10 years compared to now.

Stock market mostly hit a bottom +-30 days if the keyword "recession" reaches a maximum in press. Lets see how this chart currently looks like:

http://technorati.com/chart/recession+buy+indicator?chartdays=180&language=n&authority=a4

Its clear we get a bad recession but the question is how much of it is already reflected in current valuations. I think most of it. We will know in 1 year.
 
now you whiney little biatches are picking on poor old buffet

ps you really lament your own pathetic life

GAMBLERS! TRADERS! DICE ROLLERS!!! haha

buffet will never die he'll just get richer :D
 
I think ole' Warren is betting on inflation, maybe even hyperinflation. Stocks go up in hyperinflation, not to match the currency but at least they go in the right direction. I found a trading blog out of Zimbabwe recently!
 
Quote from BullAlert:

I've thought for a while most of your posts seem to indicate you're a teenager with $1500 in an online account somewhere. But this has got to be the most idiotic statement I have ever read on ET. Are you just trying to get a reaction from people? Seriously.
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+1

If I could simply short ET members, I wouldn't have to worry about ES whipsaw, ever again.

I assure you, NY Hood is simply a young man who has some sort of personality deficit which makes it very hard for him to develop a normal social life. He also has some superficial knowledge that there are financial markets.
 
Quote from Topsurfi:

blablabla,
most people here posting and criticizing Buffet haven't read his letter carefully.
He is not predicting a bottom, he is only saying that owning stocks now will be better than Cash if we compare current value with 5 years from now.
I fully agree with him.
Cash and Bonds will be by far the worst investment possible during the next decade.

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Agree,Topsurf;
,he is precise as a communicator, he did not predict a bottom;
good thing,SPY,QQQQ made lower lows this mourning,LOL

He also said stocks [long term ]should be better than gold...........

He sad something else interesting, think it was nightly business report,or FOX news'' the patient is not dead ,just near the floor'' Great, clear illustration. Actually his Wells Fargo Bank looks like a bull, trend , uptrend , has for some time,been uptrending .

Even if we see bear rally from here[ not a prediction, ];
a bear market has many floors.-BUT most of them down- floors ,laugh out loud............

Wells Fargo is a great bank, but much stronger than the weak market averages.:cool:
 
Quote from NY_HOOD:

he is telling the NY Times that he is buying stocks because peple are fearful. he has NEVER experienced a market/cris like this and i do not think he should be followed;its just dumb. keep in mind the government is probably hinting that he make these sorts of comments to ease investor worries. not gonna do it. thegoldman sachs buy was a favor to the fed. lets be real.
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This post reads so funny now.
 
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