LOL! somebody voted this thread up! I swear I did not do it. must have been Lucrum! where is everybody BTW?
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.
in the last two years 1st of the month has been +1% on average or something like that. If Monday is flat or positive, Tuesday could test new highs based on the pattern. lots of "IFs" in the above scenario.
I recommended you follow trading strategies that would have been successful around 1995/1996/1997. I traded those years I know how to farm money from these markets. If you aren't raking it in this month you simply aren't trading very well.
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%
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%