Quote from Locutus:
It's best to ignore comments from Buffet at this point. He's been bullish since 09 anyway so if you're a buffet follower you would've been long for a while. At this point he is just talking his book like any good investor would.
More important is the amount of leverage in the marketplace right now. This amount of leverage is quite dangerous. It roughly around the level of the 90's (at which point it was high but not ridiculous and more importantly it didn't escape from the range until the first bubble around the summer of 1998, which was popped and subsequently led to the 2000 bubble, which was popped very violently and reflated until 2007, when it popped again). The question is more whether it is different this time.
Quote from S2007S:
As I said last week from now on anytime oil is up equities will trade lower no matter what, oil is at levels now where anytime it moves higher, billions are being shaved off the gdp. If oil trends higher this entire week look for at least a 2% drop in the overall markets.
Tonight futures trading lower because of oil approaching $100 yet again!!!!!!!
No inflation, right BUBBLE ben bernanke, hahahahahahah fool
Stocks Snap 3-Week Winning Streak
S&P FUT
1315.00 -3.80 -0.29%
DOW FUT
12083.00 -27.00 -0.22%
NAS FUT
2341.25 -4.50 -0.19%
OIL
99.36 1.48 +1.51%
Quote from S2007S:
Futures getting weaker as oil closes in ever so close to $100
Filled up yesterday and paid over $3.65 a gallon....whewwww!!! That was for Regular, premium is close to $4.00 and Diesel is already over $4.00...and Bubble ben bernanke says no inflation....hahah!!!
Bulls better hope for oil to pull back or else stocks are going to correct even further!!!!! There is another 12 hours before the opening, so no need to worry just yet.
S&P FUT
1313.30 -5.50 -0.42%
DOW FUT
12071.00 -39.00 -0.32%
NAS FUT
2337.25 -8.50 -0.36%
OIL
99.68 1.80 +1.84%