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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: LTK007	11/19/2008 4:46:02 PM
	2 Recommendations Read Replies (2) of 110194

Barton Biggs said today was a very very important day. He said i will say bluntly i was wrong. He said his number one key index is the SPX500. He felt strongly , and is backed by history, that the low of October in the SPX would mos def hold. That the SPX broke to this closing new low of 806 deep into November is OMINOUS, and HISTORIC. It actually said "one of the most important days is market history" i am in the market 7%(down 50%) and can just from that realize just how devastating this must be to 401ks across the land for LTBH. It has become indiffernet the cost fot HO and gasoline has drppoed hugely due to the immense losses in wealth effect via Home Equity and Stock Equity. On top of that BRK-A and BRK-b are collapsing--that in itself is ominous. Buffet has now lost over 16billion dollars in his shares value of BRK-A. He says this will not go on FOREVER but he sees nothing good over the horizon. Barton Biggs is suppoter of Massive Intervention, which to me, i say "So What!". i just refer back to why i say "So What!" , expressed in my belief we have FUBAR. Max

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