If Wall Street and the stock market are whorehouses, would the mattress be any better, knowing that Bernake will eventually make your dollars good for helping you warm yourself in winter?
Posted on 08/11/2011 2:38:32 PM PDT by SeekAndFind
Most of us took this week's stock market as self-evident doom, but not Warren Buffett. He's 'never been better'.
To Buffett, the S&P's downgrading his company Berkshire Hathaway = opportunity.
While buying stocks at cut rates, Buffett is also planning on selling Berkshire Hathaway bonds to take advantage of cheap capital.
Buffett told CNN Money's Term Sheet today that the sea of red all over the S&P 500 earlier this week is exactly what he looks forward to--a chance to buy low.
"The lower things go, the more I buy. We are in the business of buying," he said.
It's too bad that Buffett didn't say exactly what he was picking up from the equities bargain bin. He's not the only hotshot that sees value in stocks right now. Even equities-shy Donald Trump is jumping in, buying up cheap financials.
(Excerpt) Read more at businessinsider.com ...
“Buy when there’s blood in the streets.”
He can afford to buy-—and it encourages others to buy his crap.
He is counting on Uncle Sam for the payoff in these investments.....little sick in my book
Buffet, who has always been ghoulish in his investments anyway, has the cash to gamble. The rest of us, not so much.
Buffet = Buffett
Warren tries to come off as a nice old gent, but you can bet that he’s playing the old “pump and dump” with his stocks. He may be a buyer in the morning, a cheerleader at lunchtime, and a seller in the afternoon, taking his 3% profit for the day. The fundamentals say we are headed at least another 5% lower before we ride the bottom for the next 12 months at least.
this is their game...
Phil of Phil's gang says that you can't win in the stock market against the big guys....
These violent moves up one day, down the next usually resolve themselves with a big move down, in my experience.
Try this one on for size and read past the first couple sentences and paragraphs:
It’s like a bunch of rich guys running around acting altruistic and claiming the death tax should be reinstated or at higher levels.
What they don’t tell you is their holdings include companies who profit from estate planning, income shelter, etc.
If the government has no death tax it is a direct competition to the insurance companies, law firms, Wall Street, etc.
Without the death tax there is no need for their services and such stringent estate planning.
Here is an excellent video explaining Warren Buffet and Berkshire-Hathaway. Get a cup of coffee and watch it. You will see the scheme explained and then you will get it.
Also note what companies he has acquired, how and why:
Why This Superrich Guy Likes High Taxes
http://www.xtranormal.com/watch/8035391/
Warren Buffett Benefited From Death Tax
http://www.humanevents.com/article.php?id=15951
Wanna know why Buffet pushed for TARP bailout?
Suffice it to say Berkshire owned stock in some largest receipents of TARP valued at $13 billion around that time.
Here is the funny part:
Buffett increased his bank holdings in September, while he was arguing in the media that Congress should approve the bailout to prevent the collapse of the global financial system.
TARP was approved in October of that year, just one month later!
It’s good to be king!
He actually said “if he didn’t think the government was going to act(in a way that would positive and accretive to hihis holding) he wouldn’t have been doing anything that week”. (paraphrased)
For more read here:
http://www.mcclatchydc.com/2009/04/05/65496/buffett-champion-of-bailout-is.html
BofA in April 2009 was around $4 per share and is now trading at $13.80 per share as of 3/02/2001
Wells Fargo in April of 2009 was around $11 per share and is now trading at around $31 per share.
How about US Bancorp trading at around $14 per share in April 2009 and now trading at about $26 per share.
Goldman Sachs Group trading at some $51 dollars per share has now zoomed to above $160 per share.
How about those poor folks at American Express trading at just above $10 per share in 2009 and now they are trading at about $45 per share?
Bottom line: We, the schmuck taxpayer, paid to enhance the holdings of companies like Berkshire and investors in Berkshire.
The Fed is buying bonds by the $Billions every trading day. The Fed is paying premium prices to the point of negative discounts. That money, in the hands of the traders, is then available to buy stocks. The stock market is being rigged by the Federal Government and Federal Reserve.
He wants you to THINK he’s buying.
I am no “eggspurt” on the crash back in the beginning of the Great Depression, but didn’t certain very wealthy people come along to try to support the market by buying up stock, and making lots of loud proclamations of the same?
If I am right, I don’t think it worked back then, but maybe they (the certain very wealthy people) have forgotten. Or maybe they haven’t!
Could they be running the same scam all over again, at the expense of the “little wannabe”?
So sad for the wale of tears ahead for innocents.
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