OT- Warren Buffet

[gamecock stock]

Words of Caution:

Buffet's annual meeting was completely different from his cheerleading during 2008. Back then, he said "buy, buy, buy". But this meeting, the operative word was "cautious". Even more important, he had $137 Billion on hand at the recent lows and only bought $1.8 Billion in stocks. He didn't even buy back BH shares.

 

[TopHook]

Dude hates Trump so I'll take that with a grain of slaw.

 

[gamecock stock]

WTH does a stock market analysis have to do with politics? I doubt politics has ever been in the equation of any Buffet market analysis, in his legendary career. "P/B", yes. The "P" standing for "Price" in Price/Book ratio, not "Politics".

 

[TopHook]

I'll let you come to your own conclusion but yes a bad looking economy would be good for him because well he hates him.
I don't do much in the stock market, but I would be buying right now or soon.

 

[gamecock stock]

I don't do much in the stock market, but I would be buying right now or soon.

I do and am 50% in cash, with no intention to risk that cash at this time.

 

[king ward]

I never stopped buying.

 

[Roger Moore]

The Oracle of Omaha may have been on to something.

 

[muscleknight]

In 2008 Buffet got inside information from then secretary Paulson which Buffet then used to make a lot of money (Paulson called Buffet). Paulson used to be at Golden Sachs. Buffet has had access to information that we didn't.

 

[Blackland]

Dumping all airline stocks was a smart move, most will end up bankrupt.

 

[world famous 3rd base hecklers]

Dumping all airline stocks was a smart move, most will end up bankrupt.

I might actually buy some with Cruise Ships and Casinos... They are getting cheaper and they won't go bankrupt....

I'm betting on America and the American people who won't take this shelter in place... These democrat leaders Governors, Mayors and City officials are enjoying this new found tyrannical powers will come crashing on democrats and RINOS...

 

[Dizzy01]

WTH does a stock market analysis have to do with politics? I doubt politics has ever been in the equation of any Buffet market analysis, in his legendary career. "P/B", yes. The "P" standing for "Price" in Price/Book ratio, not "Politics".

Excuse me but aren’t you aware everything is anti-Trump? Your dog farts he hates Trump? Your cat pukes he hates America. Your wife sneezes never Trumper all the way.

 

[gamecock stock]

Excuse me but aren’t you aware everything is anti-Trump? Your dog farts he hates Trump? Your cat pukes he hates America. Your wife sneezes never Trumper all the way.

The S&P 500 closed yesterday at 2820.I believe, going into the Fall, it will be around 2,750-2,800.Thus, anyone, for whatever reason, banking on a strong stock market going into the Fall, will be in for a major disappointment.

 

[world famous 3rd base hecklers]

Meantime, Diane Feinstein gets a pass...

Sen. Kelly Loeffler of R-Georgia, her husband is either on the board of the NYSE or maybe CEO...

And how about hedge fund managers who go on CNBC and create a panic that makes the market drop like on March 18...

The Supreme Court has a case about Trump's taxes and financial records. I wonder if he loses that case, that may open the door to see all of congress' taxes and financial records.


FBI seizes Sen. Richard Burr’s cellphone after serving search warrant, report says

https://www.foxnews.com/politics/fb...hone-after-serving-search-warrant-report-says

Sen. Burr's brother-in-law sold off stocks before crash on same day as Burr: report


https://www.foxnews.com/politics/se...ocks-before-crash-on-same-day-burr-did-report



Sen. Richard Burr sold roughly $1.6M in stock before coronavirus crippled stock market, report finds


https://www.foxnews.com/politics/sen-richard-burr-sold-stock-stock-market-coronavirus

 

[ecrumpton]

In 2008 Buffet got inside information from then secretary Paulson which Buffet then used to make a lot of money (Paulson called Buffet). Paulson used to be a Golden Sachs. Buffet has had access to information that we didn't.

This is true, but Paulson called him because he was the ONLY one with a cash horde large enough to lend to the bank, he was smart enough to have the cash to take advantage of the situation.
That's where he has made most of his $, having cash & ready to pounce when the opportunity arrives. Most keep so much leverage when the market drops they get margin calls or just dont have cash.

 

[Gradstudent]

You want to look at potential crooks, look at JC Penny's management.

In March they borrowed $1.25 billion off their credit revolver, so it has cash.

They furloughed 80,000 employees, missed 2 debt payments, one to bond holders, which they still have 30 days extension to make, due Friday.

Did not pay its rent in May.

So yesterday it awards $10 million in Bonuses to Senior Management, including $4.5 to its CEO Jill Soltau

They are expected to file for bankruptcy by this Friday.

If they do file, that is horrible by those managers, sure seems like given the timing, stealing to me from creditors and putting it in managements undeserving pockets

 

[Crutcher1]

I might actually buy some with Cruise Ships and Casinos... They are getting cheaper and they won't go bankrupt....

I'm betting on America and the American people who won't take this shelter in place... These democrat leaders Governors, Mayors and City officials are enjoying this new found tyrannical powers will come crashing on democrats and RINOS...

Cruise ship stocks? Really?
Casinos will be back and I can see investing there, but 5,000 passenger cruise ships will not be filled for years, even with bargain basement fares.

 

[Dizzy01]

Cruise ship stocks? Really?
Casinos will be back and I can see investing there, but 5,000 passenger cruise ships will not be filled for years, even with bargain basement fares.

I wouldn’t be so sure on that. I know that Disney Cruise ships have almost full bookings from August on and especially the ones they have during periods when schools are out. A lot of the companies made offers of onboard credits or additional money towards future cruises for cancellations and a lot of people took them up on them. I do wonder about some of the churn and burn Carnival cruises for a few months but the boutique lines will most likely run with as many people as they want as soon as they want.

 

[Crutcher1]

I wouldn’t be so sure on that. I know that Disney Cruise ships have almost full bookings from August on and especially the ones they have during periods when schools are out. A lot of the companies made offers of onboard credits or additional money towards future cruises for cancellations and a lot of people took them up on them. I do wonder about some of the churn and burn Carnival cruises for a few months but the boutique lines will most likely run with as many people as they want as soon as they want.

I sure wouldn't risk a cruise anytime soon. Some are more crowded than a NYC high rise.

 

[section907]

The biggest crime was pelosi holding up the 1st stimuls bill for 2-3 days to allow the stock market to continue to plunge. It has already started to cone up in the news and she held it . Knowing she was going to turn it in . No doubt a lot of her money peeps made good money with the wild swings those three days they created. It would not surprise me to hear it was an orchestrated money grab .

 

[Rollerdude123]

Dude hates Trump so I'll take that with a grain of slaw.

Buffet never lets politics get in the way of money.

 

[Rollerdude123]

I'll let you come to your own conclusion but yes a bad looking economy would be good for him because well he hates him.
I don't do much in the stock market, but I would be buying right now or soon.

I’ve bought for 30 years.

but Buffett is a totally different ballgame. His decisions move markets.

 

[Rollerdude123]

I might actually buy some with Cruise Ships and Casinos... They are getting cheaper and they won't go bankrupt....

I'm betting on America and the American people who won't take this shelter in place... These democrat leaders Governors, Mayors and City officials are enjoying this new found tyrannical powers will come crashing on democrats and RINOS...

That would be a huge mistake unless you want to throw away $2. Norwegian has already indicated they might not survive.

 

[world famous 3rd base hecklers]

Cruise ship stocks? Really?
Casinos will be back and I can see investing there, but 5,000 passenger cruise ships will not be filled for years, even with bargain basement fares.

Hell yes!!

I'm betting on America major comeback....

booking is way up over 200% for the Cruise ships...

We have had the SARS, H1NI, MERS and other types of Norovirs on Cruise ships in the past and that hasn't stop people going on Cruise ships...

 

[king ward]

I’ve bought for 30 years.

but Buffett is a totally different ballgame. His decisions move markets.

I don't consider him a follower in any sense of the word.

 

[ThirdTTrio]

Cruise ship stocks? Really?
Casinos will be back and I can see investing there, but 5,000 passenger cruise ships will not be filled for years, even with bargain basement fares.

we have been on 12 wonderful cruises over the past 15 years....I don't see me doing that again. Too risky!

 

[Blackland]

My coworker's wife flies for Delta. They just put out their first displacement bid, looks like about 2,500 pilots furloughed in this round. They think it will be 5,000 in total before it is all over.

 

[world famous 3rd base hecklers]

Check this out about DraftKings...

DraftKings CEO says esports betting shows a ‘pent-up demand’ for sports

https://www.cnbc.com/2020/05/15/dra...etting-shows-a-pent-up-demand-for-sports.html

Esports is making up half the betting...

Also, following people like Warren Buffett and other hedge fund millionaires is dangerous... They bought the stock 3 months ago and got it at the cheap, waiting on suckers to buy so they can unload it...