Buffett, Soros Refute 'Credit Crunch Over' Mantra: Market Pays Heed

With all due respect, we already know that. But it doesn't mean there aren't some good buys out there right now.

Bet against the Oracle of Omaha and the master of the currency markets Soros at your peril.

Until we get serious about an Energy Policy we are doomed.Those of us old enough to remember the Arab oil embargo know what it is like to stand in line for gas. What if that happened today? We have no leaders with any guts. We better go on a diet before we starve.

Home Depot provided "caution guidance"? What is cautious about: "Net income fell to $356 million, or 21 cents a share, in the first quarter ended May 4, from $1.05 billion, or 53 cents a share, a year earlier. ... Excluding the charge, profit was 41 cents a share, compared with the analysts' average forecast of 37 cents, according to Reuters Estimates." Wait, what is the excluded charge? Its: "Results included a charge of $543 million to close 15 underperforming U.S. stores and scrap plans to open 50 stores that had been in the company's pipeline." Finally: '"The housing and home improvement markets remained difficult in the first quarter; in fact, conditions worsened in many areas of the country," Home Depot Chairman Frank Blake said in a statement.'

"I don't think the effects...are far from over..." means he thinks they're close to over, right?

Why did the Fed stop publishing the M3? Read the February issue of the "Global Europe Anticipation Bulletin".

my partner and I have a patented unique source of energy production which is electromagnetic ion engine utilizing helium and four other inert gases in a vacuum. It is not renewable but reusable energy. We have contacted many companies who profess interest in green power such as General Electric, Kleiner Perkens, Calpine etc, and not one is interested. Very sad indeed.........

Home Depot provided "caution guidance"? What is cautious about: "Net income fell to $356 million, or 21 cents a share, in the first quarter ended May 4, from $1.05 billion, or 53 cents a share, a year earlier. ... Excluding the charge, profit was 41 cents a share, compared with the analysts' average forecast of 37 cents, according to Reuters Estimates." Watch your words.

Just cut your gasoil usage and we will be in good shape :)

good look people.

what's next???? The Delphos Oracle says the Big Election.....

just imagine what will happens to DOW, when crude will reach to $135 a barrel

While some of these funds may heading for the tank, I have a tough time believeing Soros. He past presents a picture of pure politics as opposed to real market timing. Soros does very little that does not have a political reason behind it.

I think best possible way to handle inflation by increasing fed interest rate by 200 basis. then see how crude will come down to $90 a barrel and food and gas will be under control . pwake up Mr. Bernanke . US ecomomy is under recession till 4 th quarter of this year

Dont know how to say this any other way. When it rains, it pours. Anyone think the Dow is headed towards 10k? I do, look back when it was at 8500 before the Iraq war. Arguably, nothing has gotten any better, and if anything perhaps much worse now that we have the acidic problems like credit, housing, inflation ... and the list goes on. Anyway, I agree with the other user that it doesn't mean there aren't deals and money to be made, but not on indexes.

Dont know how to say this any other way. When it rains, it pours. Anyone think the Dow is headed towards 10k? I do, look back when it was at 8500 before the Iraq war. Arguably, nothing has gotten any better, and if anything perhaps much worse now that we have the acidic problems like credit, housing, inflation ... and the list goes on. Anyway, I agree with the other user that it doesn't mean there aren't deals and money to be made, but not on indexes.

Read Dr. Ron Pauls book " The Revolution" and see what's really happening in this country, and none of it is being addressed by the so called presidential candidates...............

for some reason buffett and soros believe that only a liberal Democrat president can save America. They are in the tank for Obama. I could see the two of them holding a joint press conference after the election saying a) if Barack losses that now things are going to get really, really bad cause you didn't vote for our guy, or b) if their messiah wins that all is clear, everyone loves America now, and we can all live happily ever after.

Crude is going to $150/bbl because the USD is worthless. Helicopter Ben and the Bailout Boys have seen to that. Congress is utterly without the equipment to make testosterone, or the brains to see that only a crash program to develop alternatives to petroleum can save us. Dubya can give Abdullah the biggest rim job in town and not even get a waiter's tip. As for the "credit crunch", wait for the lawsuits from the "inwestors" who bought this trash and got raped.

i think they've bet on crisis or world will see good days ya !