Quote:
Originally Posted by pelathais
This morning's news on Warren Buffet's "doom and gloom" -
"“The economy will be in shambles throughout 2009 -- and, for that matter, probably well beyond,” said Buffett. “Though the path has not been smooth, our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so.”
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People have got to realize why Buffet, Turner and Soros are preaching doom and gloom. Those men are sitting on Billions wanting to invest. As long as they are forecasting that then the market confidence stays low and they can invest very cheaply.
It is all about the money with those guys. Soros is the one who shorted the Bank of England and made a couple of Billion on the deal if I remember.
You can't take anything they say to the Bank except follow their wave they are making and try to make some money on their comments.
I can't remember Soros, Turner or Buffet forecasting much two years ago! If they are our indicators, where was the indications 2 years ago?