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Berkshire Hathaway Inc. Message Board

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  • bobo21029 bobo21029 Oct 1, 1998 5:59 PM Flag

    sky is falling

    .............I don't think the skid is over by a
    long shot, so I don't see WEB deploying money for a
    while......if he's going to buy another company for us, it will
    be smarter to wait IMHO........also IMHO these
    things play themselves out slowly.........in the fall of
    '29 the market peaked on Sept 3........panicked on
    Oct 29.......and bottomed for the year in mid Nov.
    And then a little bull began; which crested followed
    by the long, painful desent into the cruelest of all
    the years.....1932. By then, fistfights were breaking
    out in bank lobbies.....those that weren't shut down
    that is. A lot of the blame for those times was laid
    at the door of wild margin trading. Well, they got a
    new name for it nowdays.......it's called hedge-fund
    "leverage"............the beat goes on........

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