Stocks

[stonegossard]

Originally Posted by Smooth Operator

Morty's bearish, eh.

Not sure what's gunna happen short-term, stone … nor do I care all that much.

Odds favor a rebound, tho, following that brutal second quarter.

At any rate, Warren and I are lookin' 10, 15 years down the road.

Can't wait to pick up some more shares later in the week…

Personally I hope the Dow goes to 25k and the U.S. gets back on it's feet. But as a trader/realist I see some very tough times coming up. The job picture is horrendous and not getting any better. The housing market is still in free fall, if this FINREG passes a ton of smaller banks will go under and bigger ones will take a beating. Then you have a good part of Europe going to hell. I just can't see the stock market overlooking all of this and going back into rally mode. If you are accumulating a position in an SP Fund, you better have the longevity needed to deal with the volatility the next few quarters.

I also wouldn't be cheering Buffet so much. The guy has gotten decimated recently in some of his market calls (see his Euro vs Dollar trade). He really isnt that bright a guy. He made his money during a huge bull run....when a lot of others did as well. He also got a sweet deal in GS stock which was a gift initially when it flew, but isnt looking so good with GS falling apart again. He basically was at the right place at the right time over the years.