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To: re3 who wrote (139403)2/16/2002 7:58:58 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Interesting article. I assume it was written by a bear, but the bears seem to have the sharpest teeth these days.
>>To me, this looks like a panic, or a bank run in reverse: Long-term bonds are risky, cash is risky due to the perilous situation of banks, so there is huge demand for the short term notes. This is the manifestation of a beginning crisis in confidence.<<
Btw
Isn't Buffett into Silver?
Feb 16 2002
Buffett dumps Citigroup shares

Warren Buffett has pulled his investments out of Citigroup Inc., the nation's largest financial services company. In September, Buffett's Berkshire Hathaway held 2.7 million Citigroup shares, worth $111.1 million. A regulatory filing made public this week by Berkshire did not show Citigroup among holdings as of Dec. 31.