Berkshire Hathaway Class B Message Board

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Non-Tech : Berkshire Hathaway Class B

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To: Richard Forsythe who wrote (872)	8/3/1999 1:32:00 AM
From: Michael & B.Anne	Read Replies (1) of 1652

Yes .. but for the first time I am feeling very positive. A very good day for us in the market at large. The market could not hold on to early gains: - light volume - people did not believe the early rally - could not break through 50 day MA - more declines than advances - increase in the number of new lows - Interest rate bias certainly towards a raise I expect that this "yuppie" herd is close to being spooked. Any sudden noise -- stampede. Dow 8000 seems much more likely than DOW 11000. And right now, there is no better place (for me) than in BRK. Not only is it so well placed, it is currently tres inexpensive I have shorted the DOW sufficient that a 1000 point drop will provide enough operating capital for a while and loaded everything else into BRK -- leading me to being a happy (hoping to move up to smug) bear right no. (It is worse, truth be known - I dislike generation X - I am expecting stampede - I mean they owe it to me, what about my feelings).

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