Is Buffett’s buying a sign that the bottom is in for stocks? After all, didn’t John Templeton plunk down money for every share selling for under a buck on the Dow at the bottom of the bear market that began with the ‘29 crash? “Before you rush out to buy Goldman’s stock,” writes my friend Porter Stansberry, “you should consider a few points”. “First, you can’t buy the kind of stock Buffett got on any market, anywhere in the world…”
September 25th, 2008 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "Warren Buffett"
Warren Buffett Travels to Europe to Seek Out Better Investments
Warren Buffett was born in 1930. He must remember what the United States was like when it was still growing and genuinely prosperous. “I’m fond of 1929,” said he a few months ago. “I was conceived that year and have always had an agreeable feeling towards the crash.”
May 27th, 2008 | Bill Bonner | 2 comments | Continued
Dodging a Contraction – It’s an Election Year
Yes, that is what it is… a credit bubble that is deflating. The tide is going out, as Warren Buffett puts it. Now we see who’s been swimming naked. Not a pretty sight. So ugly, in fact, that people can’t stand to look.
March 13th, 2008 | Bill Bonner | 0 comments | Continued
Conflicting Forces Acting Upon the Stock Market
Stock prices in the ’70s, for example, tended to bear up or fall a little. In real terms, however, they fell a lot. We seem to be coming upon a similar situation now – popularly known as stagflation. The economy is sinking… while inflation pushes up consumer prices.
March 4th, 2008 | Bill Bonner | 0 comments | Continued