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To: Return to Sender who wrote (4649)3/4/2003 11:35:10 AM
From: Jacob Snyder  Read Replies (1) | Respond to of 13403
 
I think the trend is down, and Buffett just accelerates the downward movement. The SOX has been in a narrow range since mid-February. Yesterday we hit the top of that range, and today we're testing the lower end.



To: Return to Sender who wrote (4649)3/4/2003 12:34:52 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT Buffett's opinion is news. The geopolitical situation (except for overnight news) is not new, although sometimes the market discounts complex exogenous factors such as world wars over an extended period of time. Therefore I think Buffett's comments could be a more important factor as a determinant of stock prices.

I also have a question also:

Will the "War on Iraq" be viewed by historians as but one battle in a larger War on Terrorism and, if so, will it be considered as World War III, or must "great powers" be adversaries in order to qualify as a World War?



To: Return to Sender who wrote (4649)3/4/2003 12:41:01 PM
From: Sam Citron  Respond to of 13403
 
OT Bufett addendum

If I had Buffett's deep pockets and ability to cut exclusive deals with distressed asset-bearing entities, I would also favor junk bonds for the better protection they afford in a bankruptcy situation relative to equity.