abbyz1

Why BAC Will Beat: Understanding a New Bull Market Is Not Underway

i have a lot more confidence in warren buffett's opinions that yours and he still owns a big piece of wells fargo. if you are so confident about your views why don't you short wells and the entire financial sector? there are certainly always things to complain about with our system but its still the best one out there. the capitalist system is doing what it always does, adjusting to new realities, and then moving forward. i think its incredibly foolish to bet against its 100 year+ history of success in reaction to a two year downturn, however severe it might be. the market will eventually come back with a vengence, and mr. buffett's $45 billion net worth, built over 50 year of investing experience, attests to this fact.