I love Buffett!

Oh, not chinese buffett.

Remember a year ago, every troubled company will rally when there is a rumore that Buffet will buy. Buffet will Lennar, Buffett will buy MBI, Buffett will buy......

Remember this:
http://www.msnbc.msn.com/id/27235731/

Buffett: Time is right to jump back into stocks'Be greedy when others are fearful,' legendary investor advises in articlemsnbc.com news servicesupdated 11:18 a.m. PT, Fri., Oct. 17, 2008NEW YORK - Warren Buffett has been moving his personal investments from safe Treasury securities into U.S. stocks, according to an opinion piece he wrote in Friday’s New York Times.
If prices continue to look attractive, the legendary investor says he expects his personal account to be 100 percent invested in U.S. equities, the legendary investor wrote in the article.
The piece, titled “Buy American. I am,” reiterated one of the legendary investor’s favorite maxims: "Be fearful when others are greedy, and be greedy when others are fearful."“Most certainly, fear is now widespread, gripping even seasoned investors,” said the so-called Oracle of Omaha.
“To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions,” Buffett said. “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.”
Not everyone was immediately convinced that Buffett's strategy is for them.
“His position is probably the opposite of what someone close to his age should be doing: keep more of their money in Treasuries,” said Charles Geisst, a finance professor at Manhattan College and the author of “Wall Street: A History.”
“I understand the sentiment, but this situation is unlike anything we’ve seen since 1932,” he added. “In downturns such as 1987 and early this decade, we never had a real clear view of what caused markets to go down. In this case, we have much too clear a view. This is the first time we’ve seen systemic problems affect the markets since the Great Depression.”
Since stocks began to tumble in September, Buffett and his investment company, Berkshire Hathaway Inc., have made large bets on U.S. companies, exacting rich dividend payments in the process.
Berkshire Hathaway agreed on Oct. 1 to invest $3 billion in General Electric Co.’s preferred shares, which carry a hefty 10 percent dividend. In late September, Berkshire Hathaway also bought $5 billion in preferred shares of Goldman Sachs Group Inc., which also pay a 10 percent dividend. He bought warrants to purchase another $5 billion in common shares at about $115 each.
In the New York Times article, Buffett stressed he was discussing his personal investments outside of his Berkshire Hathaway holdings, which are pledged to charity. In 2006 Buffett pledged most of his fortune to the Bill and Melinda Gates Foundation and four Buffett family foundations.
Despite annual donations to the foundations in fulfillment of the pledge, Buffett is ranked as the nation's richest individual with a net worth of $58 billion, according to a recent calculation by Forbes magazine. Because of recent market turmoil he has surpassed his friend and Microsoft co-founder Bill Gates, according to the Forbes calculation.
(Msnbc.com is a joint venture of Microsoft and GE's NBC Universal unit.)
“Let me be clear on one point: I can’t predict the short-term movements of the stock market,” he wrote. “I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
Buffett said buying stocks now is better than trying to time markets and guess when a turnaround will happen.
Referring to arguably the greatest hockey player ever, he wrote: “In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ’I skate to where the puck is going to be, not to where it has been.”’


Now we have this:

http://www.fool.com/investing/value/2009/02/18/is-buffett-selling-america.aspx[quote]

Is Buffett Selling America?By Morgan Housel February 18, 2009
Buy Now "Buy American. I am."
That was the title of Warren Buffett's Oct. 16 New York Times op-ed, which described why he and his personal loot were diving headfirst into American stocks. "If prices keep looking attractive," Buffett said, "my non-Berkshire net worth will soon be 100 percent in United States equities."
So Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) drew a few puzzled stares when it reported its quarterly 13-F filing yesterday, disclosing that its biggest common-stock moves in the past quarter revolved around selling American equities.
Berkshire slashed its positions in Procter & Gamble (NYSE: PG), Johnson & Johnson (NYSE: JNJ), ConocoPhillips (NYSE: COP), US Bancorp (NYSE: USB), UnitedHealth (NYSE: UNH), and a handful of others. There were some big purchases -- including nearly 20 million shares of Constellation Energy -- but the widespread selling during a quarter when stocks traded at their lowest levels in years left some questioning whether Buffett was writing positively with one hand while quietly selling with the other.
Not exactly At first glace, the puzzlement seems valid, but let's remember a few important details:
Just because Buffett's selling doesn't mean he's necessarily bearish. It simply means he's found better use of the capital elsewhere. Where might he have found better use of the capital? In the credit market, where he spent billions of dollars scooping up debt in iconic American companies. Those deals -- such as Berkshire's recent debt purchases in Tiffany and Harley-Davidson -- are often offered only to high-profile investors like Buffett. One deal last fall, to purchase Goldman Sachs (NYSE: GS) preferred stock yielding 10% with warrants, was money the bank probably didn't even need. It was more or less a Goldman Sachs advertisement to the market: "Hey, look at us, Berkshire thinks we're legitimate, and you should, too." Buffett has power that individual investors don't, even beyond his bank account.
Just because Berkshire's been selling the common shares that average Joes consider the backbone of the market doesn't mean that Buffett isn't putting his money where his mouth is. Most of the debt deals he's scored in recent months come with double-digit yields and significant equity upsides -- far better returns than he could hope to receive holding common stocks.

So for people like Doug Kass: Don't make an idiot of yourself. Everything you said will be hold accountable.

Whoever watched you and loss their ass will hate you forever.

IMPEACH OBAMA!

He has no right to force me to pay for my next door neighbor's marble counter top and new car.


My next door neighbor bought his house the same time I bought mine. In the same 8 years. I was working my tail off to pay off my house. While my next door neighbor refied and remodeled his kitchen with marble counter top and bought brand new Car and RV. He paid 200k+ in 1999 and now his loan is about 450k. And also I have two Classmates who bought the first house at the same time when I bought mine. two years ago, both of them bought their second house(McMansions). So if they can't pay for it. I will pitch in too? Just because I am responsible, I will be penalized?


Now, I have to pay for them???? Fuck you!!! And fuck them!!! And fuck this fucking freemarket.

We are driving on an empty tank from the get go.

http://www.startribune.com/business/38816687.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU

493 x 4 = 1,972 billion.

Can someone find out how much is our budget for 2009?
2009 United States federal budget - $3.10 trillion (submitted 2008 by President Bush)
2008 United States federal budget - $2.90 trillion (submitted 2007 by President Bush)
2007 United States federal budget - $2.77 trillion (submitted 2006 by President Bush)

before you know it we could ended up borrowing 3 or 4 trillions this year.


Remember this?

http://dow5k.blogspot.com/2009/01/will-government-gurantee-bleed-us-govt.html