Friday, October 17, 2008 8:01:42 AM
There are glimmers of some encouraging signs emerging already as far as the future economic recovery.
Warren Buffet is buying on the idiom of "buy when everyone is fearful and sell when...bla bla bla"
His record of successful investing is very clear of course, but if you examine his big moves over the decades you'll see that the BIG TREND CHANGE has always come at least a year out from when he starts buying in, although he does get a pretty good headfake bump between his initial annoucement of buying and the actual trend change. With his kind of money that has to be the strategy. He needs to buy into serious weakness or he'd spike the market all on his own and ruin his own strategy.
The second huge encouragement I've seen is Chris Dodd holding a meeting of his committee and seeing that FINALLY, the smart and RESPONSIBLE GROWN UPS are once again in charge. I know you'll hear all kinds of right wing crap about Dodd, but I know smart and responsible when I see it and I see it in him.
On a side note, rumor has it that Colon Powell is about to endorse Obama for Prez.
Warren Buffet is buying on the idiom of "buy when everyone is fearful and sell when...bla bla bla"
His record of successful investing is very clear of course, but if you examine his big moves over the decades you'll see that the BIG TREND CHANGE has always come at least a year out from when he starts buying in, although he does get a pretty good headfake bump between his initial annoucement of buying and the actual trend change. With his kind of money that has to be the strategy. He needs to buy into serious weakness or he'd spike the market all on his own and ruin his own strategy.
The second huge encouragement I've seen is Chris Dodd holding a meeting of his committee and seeing that FINALLY, the smart and RESPONSIBLE GROWN UPS are once again in charge. I know you'll hear all kinds of right wing crap about Dodd, but I know smart and responsible when I see it and I see it in him.
On a side note, rumor has it that Colon Powell is about to endorse Obama for Prez.
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
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