Japan Redux. Printing money increases competition and will destroy profits. Look for earnings margins to decrease and for stocks to fall too. Central bankers are destroying any and all forms of true wealth. I am surprised WEB is playing along with this game.
Good luck axp. I like the way u invest for her and I did the same for my father. He had pneumonia 6 times before it finally got him. Speedy recovery for grandma.
The 2nd Amendment makes this one of the safest countries in the world. The right to own guns keeps us safe. That is why politicians always want to take them away from us. Feds don't keep us safe. We keep us safe. Feds do the opposite with all their laws redistributing and regulating according to who pays them the largest bribes called campaign contributions. Some of us get it.
True. Maybe I sold because i don't see as big a move between chf and usd as compared to chf and euro. Is Yellen going to crank the presses and create more havoc? There is already too much capacity driving down returns.
If you consider the way the swiss central bankers trashed their currency "to stay competetive" then i guess u can say the swiss are smart. I would say all central bankers are not smart because of what they have to do for political reasons to keep their jobs. In other words, all central bamkers are sellouts. Look at how Greenspan changed his tune on gold after he retired. Bernanke is also probably secretly hoarding gold now that he is gone. He is the government's Gollum. You can almost see him in a room full of Mapleleafs saying, "my prcious."
When they have to pay a weeks wages for a loaf of bread they will care. I guess Obama likes Chavez so much he turned us into Venezuela. No one cares until it is too late.
I can't wait for a huge sell off so I can buy. Unfortunately, everyone else feels the same way. We all know gov'ts will just print more money to bail out anyone and everyone so markets going down and sound money may be things of the past ... like Pullman train cars.
Saw my first sign in Sarasota FL when I was there last week. Looks like everyone wants to be on that bus. Integrity and honesty goes a long way ... especially when you can call and speak to someone at the FED and get them to bail out banks by printing more money. Looks like the market will never go down hard again. Wasn't impressed with CAT MSFT or PG earnings at all. In the old days we would have had a 3% to 5% down day. Markets not going down on bad news and going up big on ho hum news makes me feel like the FED has decimated the money so much people are willing to buy less and less for more and more. It just seems counter intuitive to destroy the wealth of the nation by printing money if the country will need more and more rich people to pay for all the entitlements and welfare in the near future. Knocking down the market to create some cap gains taxes for the FED gov't to pay some bills doesn't seem out of the question for the short term but then what?
I wouldn't go that far. I was very heavy in real estate and didn't go back in when it dropped because when I ran the numbers on BRK compared to real estate WEB crushed real estate over the years. He might not have bought that farm or NY property if he could have looked back over so many years too.
I did buy wide margin companies however and that was a mistake because it was the #$%$ with the slim margins that drastically outperformed the market as it came out of the dooldrums. I wrote alot of puts so I did fine.
Now I just sit in the VTI and BRK. I just plow money back into those two. I recently sold all my individual holdings and dumped some more into those two since they will be here long after I am gone.
One constant is that I believed the gov't is destroying the money with inflation no matter who the hack at the FED is ... Greenspan, Bernanke or Yellen. I especially enjoyed Greeny saying he would put his money in gold because the USA is in trouble financially. It was nice hearing him say Gold was money. The silver eagle 1st runs were sold out and the mint was having a hard time keeping up. That is not a sign of sound money and sound money is the same as honest money and honestly and integrity is what built Berkshire Hathaway into a success story so I don't see how you can have rose colored glasses on for our future but since I am basically indexed now I guess I will share my financial future with you to some degree while I work on my run on sentences.
I didn't know you missed me so much. I miss you too yezzmann.
Saw an article that said GOOG should pay a divy like AAPL today. Probably not a good idea. WEB said the only time BRK paid a divy he must have gone off to the bathroom or something "but that will never happen again." Hope you are not as good with GOOG as you are with your football pics.
Tough year ahead. 225 A & 150 B. Health care costs soak up savings from low energy prices. No net gain for taxpayers. Welfare recipients rejoice.
Chanos became a star when he shorted enron when everyone else loved it.
We have become Japan. I will let WEB figure it out for me. Everytime I try to figure out the end game for the FED It makes me want a drink.
No doubt. The market appears to the exact opposite of what he says the very next day. He should be happy he is getting paid to talk because I bet he doesn't make anything investing. I laugh when I see him on TV.
Second jad. Brk will add to ibm. Not one share sold. Let the story play out. He has Gates as an advisor to boot.