Thursday, November 20, 2008

Dow 7500 ... 7000 ... not for the light hearted

Yesterday Dow broke 8000. Today it's at 7500. AC360's bald financial analyst will say something like "Anderson! This is unprecedented! 5 Trillion dollar wiped out in 2 hours .... Let me explain what happened!" I stopped watching him after hearing 4 - 5 times of him saying that in 2 weeks.

Mr Buffett's BRK-A is trading at $77000/share, down from 150,000/share within 1/2 year. When the Oracle of Omaha has just lost half of his wealth ... I think market is erratic. I am going to start buying some when the Dow0 hit below 7000.

It's going to be a very very cold winter, I want to go on a budget/backpacking traveling again, to somewhere warm.

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