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Re: 2005 and Beyond:The BEAR is BACK ?Not to rain on the journo's parade or anything, but I've been reading for at least 18 months that Buffet has cashed out. I don't know whether he has or not, but I seriously doubt that he waited till last month to make some massive move. Buffet's investment strategy is not, repeat NOT, driven by share price or market movements."Forced selling by lenders"? Lenders can't sell property until they foreclose; they don't own it. Which is not to say that overstretched owners aren't selling at panicky prices and accelerating the correction, but let's keep our panics straight.Cheers,Ghoti
Re: 2005 and Beyond:The BEAR is BACK ?
Not to rain on the journo's parade or anything, but I've been reading for at least 18 months that Buffet has cashed out. I don't know whether he has or not, but I seriously doubt that he waited till last month to make some massive move. Buffet's investment strategy is not, repeat NOT, driven by share price or market movements.
"Forced selling by lenders"? Lenders can't sell property until they foreclose; they don't own it. Which is not to say that overstretched owners aren't selling at panicky prices and accelerating the correction, but let's keep our panics straight.
Cheers,
Ghoti
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