Friday, October 17, 2008

Not sure of my 10% week

The week started out promising, but now it only looks like we may be getting a 4 or 5% week.  Oh, shucks.  “Only”  a 4% weekly gain…  over 52 weeks…  only 208% annualized?  Gee whiz, what a crappy market.

 

Oh, yea, and Warren Buffet is sinking some of his 44 billion dollars that Berkshire Hathaway was sitting on into US Equities.

Oh, yea, and Warren Buffet is sinking some of his personal cash hoard into US Equities.

 

So, what do I know that Warren Buffet doesn’t know?  Nothing.  He’s a genius and I’m a fool.  If he says the sky is purple and made of cotton candy…  yea, we’re going to be calling the crazy cops on him.  But he’s isn’t saying that.  He’s saying that AMERICAN EQUITIES ARE ON SALE!!!

 

Everything’s 25% off, some are more so.  Go out and buy 2.

 

20 years from now which economy will be on top of the world?  (here’s a hint…  it’s not China.)

 

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