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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Aug 1, 2002 11:55 PM Flag

    Anticipating Dow 7000S&P700 BRKb 1700

    <<I'm anticipating that a double-dip recession is underway, and that near or shortly after election time, some kind of Iraq action is
    possible, and that the markets will discount for all of this even if it doesn't occur. So I plan to continue waiting patiently until I can pick up any common that I want 15% to 20% off, including BRK>>

    ......three of my fellow retirees (2 CIA, 1 FBI)were recalled to government service after 9/11....they all stared moving into cash after they'd been back to work for a couple of months...they don't talk about their work, but their actions speak louder than words....I figure you can tell a lot about what a guy knows by where he puts his money....

    the beat goes on...

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    • My accounts run from 90% to 40% cash because of valuations and the economy. The political/terrorist risk to the markets is to me impossible to figure out, so other than respecting the possibility of it, kind of like a major financial institution meltdown or earthquake, I will try to act based on the valuation/economy, and learn to live with the third risk, e.g., avoiding travel related stocks like AXP, and all airlines and hotels.

192,635.00+1,379.95(+0.72%)Feb 9 4:00 PMEST