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5 Reasons to Ignore Buffett

1. He called a few bottoms in the past.
2. However, he said there was nothing worthy to buy at last bottom in 2002. His preformance has not been good since.
3. He is trying the new trick again, timing.
4. PE is now at 10, it was 7 in 1984 when we had only one inflation problem, now we have inflation, housing, banking, debt problems.
5. Our per captial inocme is ten times higher than China, but what we can do and Chinese can not do? If not much, the difference will be erased soon by global trade - as Paul Krugman said.