Dow?
- Thread starter irvinehomeowner
- Start date
usctrojancpa
Well-known member
GH said:
The casino is no lie. If you think trading stocks is addicting, try trading options. haha
Hugo Township
Active member
Irvine's biggest private employer (Blizzard)'s earnings call right now:http://finance.yahoo.com/news/activision-blizzard-announces-better-expected-200500630.html
irvinehomeowner
Well-known member
DIS!!!
Star Wars 7!!!
Star Wars 7!!!
eyephone said:
No one talking about the RMB 2% devaluation adjustment today? It just made U.S. real estate that much more expensive to foreigners. I think possibility of September rate hike pretty much gone. Major slow down in China based on latest auto sales plummeting double digits and Macao casino revenue falling 1/3, etc. Commodity prices further down creating low inflationary pressure. I think we are close to residential real estate peak in OC for the near term (2-3 yrs)? Who's calling it?
morekaos
Well-known member
In an email I sent to clients dated 11/20/2008 I warned to never ?bet against this man?. At the time Buffet was being lambasted in the press as ?out of touch?. He had just penned an op-ed in the New York Times entitled
?Buy America. I Am?. The Dow Jones stood at 8045. Most thought him crazy, I DID NOT! His company, Berkshire Hathaway, had just made its biggest acquisition to date of Burlington Northern Railroad. At a time when most were panicking and selling assets Bufett was BUYING. Re-read his op ed below?
Op-Ed Contributor
Buy American. I Am.
By WARREN E. BUFFETT
Published: October 16, 2008
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I?ve been buying American stocks. This is my personal account I?m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation?s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=4&
The Dow Jones went from 8,049 to 18,000
Now I see these headlines again?
Buffett's Berkshire Hathaway to buy Precision Castparts Corp. in biggest deal
Warren Buffett's Berkshire Hathaway announced it is acquiring aerospace and energy industry parts maker Precision Castparts Corp. in its biggest deal ever.
The $37.2 billion deal will see Berkshire Hathaway acquire all outstanding shares in Portland, Ore.-based Precision Castparts for $235 per share in cash.
If completed, the deal will surpass Berkshire Hathaway's acquisition of the Burlington Northern Santa Fe railroad for about $27 billion in 2009. Precision Castparts makes aerospace engine parts and aircraft doors, parts for industrial gas turbines, as well as medical prosthetics.
http://www.usatoday.com/story/money/2015/08/09/report-buffett-set-seal-largest-deal/31387791/
...and...
WARREN BUFFETT: Stocks are going 'a lot higher'
? Aug. 10, 2015, 7:46 AM
?
? Warren Buffett will not let a little bit of volatility scare him out of the stock market.
? "Stocks are going to be higher," Buffett told CNBC's Becky Quick on Monday.
? Quick asked the CEO of Berkshire Hathaway whether he was concerned about the big price swings made by various stocks during second-quarter earnings season.
? Buffett reiterated that he was a long-term investor, saying he expected prices to be "a lot higher" 10 years or 20 years from now.
? He likened owning stocks to owning a home, saying that if homeowners expected prices to fall 5%, they wouldn't sell their homes in hopes to buy it back for 5% less. They are locked in for the long haul.
? This is one of Warren Buffett's classic investing philosophies. Even amid the stock-market crash during the global financial crisis, Buffett continued to endorse stocks very vocally. From an October 2008 op-ed article in The New York Times:
? Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
http://www.businessinsider.com/warren-buffett-stocks-are-going-a-lot-higher-2015-8
Look and learn?what do you think is likely to happen?
?Buy America. I Am?. The Dow Jones stood at 8045. Most thought him crazy, I DID NOT! His company, Berkshire Hathaway, had just made its biggest acquisition to date of Burlington Northern Railroad. At a time when most were panicking and selling assets Bufett was BUYING. Re-read his op ed below?
Op-Ed Contributor
Buy American. I Am.
By WARREN E. BUFFETT
Published: October 16, 2008
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So ... I?ve been buying American stocks. This is my personal account I?m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation?s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=4&
The Dow Jones went from 8,049 to 18,000
Now I see these headlines again?
Buffett's Berkshire Hathaway to buy Precision Castparts Corp. in biggest deal
Warren Buffett's Berkshire Hathaway announced it is acquiring aerospace and energy industry parts maker Precision Castparts Corp. in its biggest deal ever.
The $37.2 billion deal will see Berkshire Hathaway acquire all outstanding shares in Portland, Ore.-based Precision Castparts for $235 per share in cash.
If completed, the deal will surpass Berkshire Hathaway's acquisition of the Burlington Northern Santa Fe railroad for about $27 billion in 2009. Precision Castparts makes aerospace engine parts and aircraft doors, parts for industrial gas turbines, as well as medical prosthetics.
http://www.usatoday.com/story/money/2015/08/09/report-buffett-set-seal-largest-deal/31387791/
...and...
WARREN BUFFETT: Stocks are going 'a lot higher'
? Aug. 10, 2015, 7:46 AM
?
? Warren Buffett will not let a little bit of volatility scare him out of the stock market.
? "Stocks are going to be higher," Buffett told CNBC's Becky Quick on Monday.
? Quick asked the CEO of Berkshire Hathaway whether he was concerned about the big price swings made by various stocks during second-quarter earnings season.
? Buffett reiterated that he was a long-term investor, saying he expected prices to be "a lot higher" 10 years or 20 years from now.
? He likened owning stocks to owning a home, saying that if homeowners expected prices to fall 5%, they wouldn't sell their homes in hopes to buy it back for 5% less. They are locked in for the long haul.
? This is one of Warren Buffett's classic investing philosophies. Even amid the stock-market crash during the global financial crisis, Buffett continued to endorse stocks very vocally. From an October 2008 op-ed article in The New York Times:
? Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
http://www.businessinsider.com/warren-buffett-stocks-are-going-a-lot-higher-2015-8
Look and learn?what do you think is likely to happen?
