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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (51969)6/3/2001 2:23:28 PM
From: Skeet Shipman  Read Replies (1) of 94695
 
<VectorVest has a buy on SPY... even though it is valued around 112>
Warren Buffet's comment comes to mind as I read above.

You should clearly understand, however, that ... present purchases ... will at best provide us only reasonable returns. Really juicy results ... can be anticipated only when capital markets are severely constrained and the whole business world is pessimistic. We are 180 degrees from that point.
February 28, 2001
Warren E. Buffett
Chairman of the Board
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