Cash Still King: Todd Harrison Isn't Buying the 'Buffett Bottom'

The leaders of both the Republican and Democratic Parties are rushing ahead with their $700 billion bill, says Bob Barr, the Libertarian Party candidate for president. Without a single hearing and without considering other solutions, Congress is preparing to put the typical American family on the hook for more than $8,000. Legislators in both parties need to stand up for the American people and say no, says Barr. www.lp.org

Cash is king !!!

Todd Harrison impresses me. He doesn't guess; he acts with a plan based on facts forming a trend.

I decided to do this a few weeks ago, got greedy and lost an additional 20% in my portfolio. Good advice. If there is bailout, then the market will just take longer to crash along with erosion of the dollar. If there is no, bailout then the crash will happen sooner.

Good point about Buffett getting the good terms on his recent deals. I would have to wonder how much longer he would have held out without the types of discounts that he received. There's more toxic sausage coming down the pike. Lots of it !!!

Different advice should be given to "traders" and "long term investors". Let's be honest, does anyone really make money (except the Wall Street crowd) with short-term trading? Uh, no! Many companies appear to be at low prices...which does not mean they cannot become REALLY low prices...but over the long pull, rational, disciplined, long term investors accumulating high quality assets at these prices, in this environment should be rewarded. The best advice I can find has consistently been from www.financialsense.com and www.summit-advisors.com

Don't we all wish we were in cash 20/20.

Utilitiy funds are a great play... GABUX!

i agree we will see deflation before hyperinflation, which is inevitable. all this is is a chance to buy cheap commodities, especially silver and platinum.

CASH THE PIG HEAD AND YOU WILL GET BEACON......OKAY.....PORK BAREL IS GOOD AS CAH....OKAY

Silver Surfer here... The Markets are saying we are Winning there will be no BAIL OUT KEEP UP THE PRESURE ON YOUR CONGRESSMAN... NO BAIL OUT... Also the price of oil is cracking this is good. Below 90s a barrel there is support down around $60 a barrel more like it should which is probably $30 a barrel. The BAIL OUT WILL ONLY RAISE INTEREST RATES and cause more forclosures many more and cause the price of gas to rise. VOTE NO BAIL OUT...we can come up with a better plan in the next few weeks. Chicken little get to the back of the bus and let the STRONG LEAD. NO BAIL OUT...

Has anyone heard of The FairTax movement and looked at FairTax.org? If we had such a system to finance the Federal Government there would be not need for this Bail-out. The FairTax proposal, which is sponsored by over 70 senators and congressmen, wants to eliminate ALL income taxes, payroll taxes, capital gains etc and replace it with a national sales tax plus a Prepate so thqt low income citizens are protected. Thus we would be taxed on expenditure not income. Expenditure is teh real measure of wealth.

Since America has less and less to sell to the world ( trade deficits, lack of technical education and excessive spending by free-loaders via loans)), American politician is now selling American people and increasing their liabilities for decades to come. Every politician supporting the bailout should be removed from office.

NOT AT ALL CASH IS A KING ......WRONG....PORK BARREL IS A CASH BETTER THAN KING.....

I guess you could buy some Bershire class B stock if you think he made such a great deal

Silver Surfer here.. I am in cash... in CASH since 911 because they might Nuke us. What would the Markets do then... cash may help but be prepared for the worse. No sense being scared when you need to figure out your next move. This economic 911 just before election isn't that telling you something.... No short selling for the outsiders but the insiders can still do it.

The longer the "Bailout" slogs along, the worse I think the truth is regarding what is out there in terms of toxic paper and high ranking people well qualified for jail. This $700bil looks more and more like a quickie bandaid that gets W and his crew time to dash.

CASH IS A KING FOR THOSE PLENTY CASH lIKE BUFFET...gOOD FOR HIM...........HOW ABOUT FOR THOSE WHO HAN NO CASH HOLDINGS ? ...............HOW ABOUT WHO ARE TAKING CAH FROM THE BARRELL THEY ARE NOT KI NG BUT EMPEROR......

Will there be a October2, 2009?

Silver Surfer in... Not sure about new tax system but current system stinks. When 100 plus Trillion dollars of Corporate Income made in our Great County goes untaxed to Foreigners something is broken big time. 10% of that 100 trillion plus pays for 10 BAIL OUT BILLS...