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.
i wonder how many millions buffet is already up from his buys yesterday. the guy is not a bad trader it seems.
...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.
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
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!
buffet can make or lose more money in 10 minutes than half the loesrs on et can earn in five lifetimes.
+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.
============================= 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.