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#1
07-01-2010, 03:59 PM
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RP, you sound like a smart guy and your short-term take on the market is as valid as anyone else's
but let me ask you this
do you think a guy like Buffett would've gone ahead and spent tens of billions of dollars to purchase one of the largest railroad companies in the country
as he did last Feb
if he thought the long-term outlook for the U.S. economy wasn't all that great?
And dellinger quick question do you have any experience mowing lawns?  
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#2
07-01-2010, 07:02 PM
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#3
07-01-2010, 09:32 PM
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The guy I have the most confidence in is Dent when it comes to long-term calls. He can be off by as much as a year or so when it comes to timing, but his long term calls based on deomographics are usually right. I've never seen him as confident as he is right now that the market is going to crash. And you have to remember that he was as big of a bull as anyone over the last 20 years. He's not one of these guys that's usually bearish.
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#4
07-01-2010, 09:52 PM
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Buffet: high-speed domestic rail lines coming soon
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#5
07-01-2010, 09:58 PM
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__________________
To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson
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#6
07-01-2010, 10:00 PM
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__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#7
07-01-2010, 10:10 PM
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__________________
To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson
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#8
07-01-2010, 10:15 PM
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Obama has been talking about it for a couple of years - job creation, energy, infrastructure? America far behind other countries on this? Hate to tell you, but Buffett has said he thinks Obama is the right one in the White House.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#9
07-01-2010, 11:38 PM
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#10
07-02-2010, 10:58 AM
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"It's an all-in wager on the economic future of the United States," Buffett said in a statement announcing the deal Tuesday. "I love these bets."
http://articles.latimes.com/2009/nov...ss/fi-buffett4 No guarantees in this business but this guy's opinion is more than good enough for me. Will be buying more shares at the regular two-week interval next Friday...
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#11
07-02-2010, 02:32 PM
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I couldn't take it any more. I finally bought some puts. This is a sure sign of a short-term bottom.
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#12
07-02-2010, 02:33 PM
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__________________
Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!"
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#13
07-01-2010, 09:56 PM
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but if you keep your timing up I'll give you a few bucks to mow the lawn once a week. Of course the work is seasonal, I don't provide health insurance the lawn mower's self-propel doesn't work and you'll be paid in cash so no unemployment. BTW No illegals or anyone who needs work breaks for prayers! Christians, mu slums whoever. 
__________________
To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson
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