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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: paret who wrote (278236)	3/4/2006 10:51:59 AM
From: Road Walker	Respond to of 1575900

re: Berkshire also lost about $926 million in the first half of last year betting that the dollar would drop, but it rose 10 percent against other currencies. And a lot of people made money from 1/2000 up to 4/2000 on the NASDAQ... still the writing was on the wall.

To: paret who wrote (278236)	3/4/2006 11:01:29 AM
From: sea_biscuit	Respond to of 1575900

It is a bear-market rally in the USD. Happens in all secular bear markets. Besides, has Buffett closed out his positions and taken the loss? I don't think so! Sure, keep printing all those dollars (with Printing-press operator Greenspan and Helicopter Ben) and yet it will rise in value! What a crock! Btw, the USD, the Euro, the Yen etc. are all fiat currencies. The real currency is gold. Gold has risen in all currencies last year. And then there's oil, which is why the US has invaded and annexed Iraq and is looking at carving out and robbing the oil/gas producing region of Iran next.