FB: Liberty League

[PBR...]

gro agrees that quartely reporting and the knee jerk reactions they cause leads to companies dumping long term strategy for short term gains... but gro is going to pass on the financial enema at this time.

Warren Buffett has always said to be greedy when others are fearful.  There are a lot of long standing financial companies with conservative balance sheets selling at prices we haven't seen since the early 1990's bear market. 

I can't call bottoms, nor do I know anyone who can.  But I have some free money in my trading account which I'm itching to do some buying with.

My gut tells me we have another nasty drop ahead of us.  So maybe buy some now, hold some back for a possible better price.

as a whole we are going down ...down...down....based on the fed's comments from their last meeting which were released today they feel the pressure to go down but really want to get inflation under control...so dont look for them to loosen any time soon. however that obviously could change as people scream uncle to their congressmen to ease rates as people lose jobs and homes....oil and u.s. dollar are huge concerns right now...interesting article a guy from my company wrote on buffett....if you invested based on what he is getting berkshire hathaway into (based on his form 4's and 3 months after he got in) you would of earned 24.9% return opposed to the 12.5% in the s&p.....pretty amazing getting in that long after him and all you have to do is trail him and you still get a nice return.....all his investments are public information so anyone can get it and just get his form 4's and do as he does...pretty solid

[Tags]

PBR- did you read the new quarterly fcst the Fed put out today? It's a great idea they decided to do that.

['gro]

nah nah... it's go HobaRPIthacawick

Gro just realized he went 0-4 last weekend... apologies to all fans. all gro can offer is a link to the D3sports.com jingle

http://www.youtube.com/watch?v=mWXxRQOapns

[Jonny Utah]

Nice one Gro.

Check out this reenactment of the 2001 IC/RPI playoff game.  (RPI is in red)

http://www.youtube.com/watch?v=8PBvOxicz-0&feature=related

[mattvsmith]

Warren Buffett has always said to be greedy when others are fearful.  There are a lot of long standing financial companies with conservative balance sheets selling at prices we haven't seen since the early 1990's bear market. 

I can't call bottoms, nor do I know anyone who can.  But I have some free money in my trading account which I'm itching to do some buying with.

My gut tells me we have another nasty drop ahead of us.  So maybe buy some now, hold some back for a possible better price.

CF,

The Rev is holding out for a house.  He is convinced that the market will continue to soften for several more months.
The Rev currently lives in Downtown Phoenix where condo-conversions are going for $160,000 for about 600 sqft right on the corner of N Overdose Street and W Meth-head Avenue.

For guys that live in some metro areas, that may seem cheap, but considering the salaries in PHX compared to LA, NY or DC, PHX real estate prices are a kick between the legs.

[PBR...]

PBR- did you read the new quarterly fcst the Fed put out today? It's a great idea they decided to do that.

pbr did read it...they are right oil prices and u.s. dollar should be their concern w/ inflation but pbr is afraid its going to be too much for people to deal w/ the pain and congress will lay the lumber to the fed to cave and loosen rates....if they dont loosen look out its going to get ugly out there as this only the tip of the iceberg.


enuf depressing stuff pbr's totally  $#@%$#@$% day turned out to be pretty decent as pbr scored front row seats to the foo fighters...a solid way to end the day

[Frank Rossi]

Warren Buffett has always said to be greedy when others are fearful.  There are a lot of long standing financial companies with conservative balance sheets selling at prices we haven't seen since the early 1990's bear market. 

I can't call bottoms, nor do I know anyone who can.  But I have some free money in my trading account which I'm itching to do some buying with.

My gut tells me we have another nasty drop ahead of us.  So maybe buy some now, hold some back for a possible better price.

CF,

The Rev is holding out for a house.  He is convinced that the market will continue to soften for several more months.
The Rev currently lives in Downtown Phoenix where condo-conversions are going for $160,000 for about 600 sqft right on the corner of N Overdose Street and W Meth-head Avenue.

For guys that live in some metro areas, that may seem cheap, but considering the salaries in PHX compared to LA, NY or DC, PHX real estate prices are a kick between the legs.

Market will continue to soften for next six to ten months, except in metro areas which have a high foreign investment potential.  This is because of the badly weakened dollar and the value of real estate combining for some potentially historic foreigner real estate investment domestically.  In suburban and more rural areas, this will be a supply nightmare for about a year before things fully begin to stablize.  Look for the Fed to be forced to trim another percent off interest rates over the next six months.

[Tags]

Fed isn't cutting - Core inflation isn't what they're focused on anymore, they are focused on the weak dollar, coupled w/ Energy & Food inflation. They're not going to loosen the money supply to bail out these firms who got too deep into CDO's, they can't afford to.

It's not going to be pretty for a while, but they need to stabilize the dollar.

[mattvsmith]

The Rev loves this board.  The Rev planne dto hybernate, but now we have gone into discussions of high finance and The Rev is hooked again.

Pics of Cheerleaders, Pole Vaulters and Thongs, D3 foosball, boats, general ball busting, alcoholism, "war stories", and now, monetary policy.


This place has got everything.

[DanPadavona]

as a whole we are going down ...down...down....based on the fed's comments from their last meeting which were released today they feel the pressure to go down but really want to get inflation under control...so dont look for them to loosen any time soon. however that obviously could change as people scream uncle to their congressmen to ease rates as people lose jobs and homes....oil and u.s. dollar are huge concerns right now...interesting article a guy from my company wrote on buffett....if you invested based on what he is getting berkshire hathaway into (based on his form 4's and 3 months after he got in) you would of earned 24.9% return opposed to the 12.5% in the s&p.....pretty amazing getting in that long after him and all you have to do is trail him and you still get a nice return.....all his investments are public information so anyone can get it and just get his form 4's and do as he does...pretty solid

As an aside, DP has done very well with his Berkshire shares this last year.  A normal blue chip I would be looking to jettison after this much gain, especially when it is approaching or exceeding fair value.  But Berkshire I tend to hang onto, unless it goes absolutely ballistic. 

[DanPadavona]

Here is a picture of DP's pain.  Purchased Washington Mutual in high 30s 3 months ago.  Now at 17 and change.  Very nice.



The dividend is probably going to be cut soon.  My guess is I still make 4-5% per year on the dividend alone once the cut is made.  The yield was about 7% when I started accumulating.  Lucky for me the Berkshire and JNJ shares have kept me above the S&P Benchmark most of the year. 

And now a cheerleader picture for The Rev and friends:

[PBR...]

u got it rev...its one stop shoppin on this board we have specialists in every area....look at this way rev re: house situation at least if u move in there it will be easy to tie-off or puff the blu flame whenever you feel the urge...

anyone grubbin' on a turducken this holiday?

[Frank Rossi]

Fed isn't cutting - Core inflation isn't what they're focused on anymore, they are focused on the weak dollar, coupled w/ Energy & Food inflation. They're not going to loosen the money supply to bail out these firms who got too deep into CDO's, they can't afford to.

It's not going to be pretty for a while, but they need to stabilize the dollar.

There's still a liquidity issue, Tags.  Fed will be cutting - not at every meeting, but probably every other meeting for now.

[Tags]

Wanted to jump on & wish everyone a happy Turkey Day --- Safe travels to all in the LLPP, Inc.!

[PBR...]

Fed isn't cutting - Core inflation isn't what they're focused on anymore, they are focused on the weak dollar, coupled w/ Energy & Food inflation. They're not going to loosen the money supply to bail out these firms who got too deep into CDO's, they can't afford to.

It's not going to be pretty for a while, but they need to stabilize the dollar.

There's still a liquidity issue, Tags.  Fed will be cutting - not at every meeting, but probably every other meeting for now.

makes for great debate!!! pbr was on board w/ you frank in oct. but now pbr is hedging w/ oil about to bust thru $100/barrel and dollar continuing to tank inflation is becoming a real threat. most economists are admitting becoming very concerned about inflation in the last several weeks. pbr really thought the fed would drop a qtr. point the next several meetings into 2008 now pbr isnt so sure although pretty good bet at this point we go down a qtr. at the next meeting but thereafter is really unchartered waters....liquidity is a HUGE concern but now inflation is as well.