enigmaman

Skeptical About Buffett's Big Bet

Yes I agree about PE but I sure wish I had the Buffet touch, turns lead to silver and sometimes even gold, time will tell if he was right or wrong with his recent buy. But after reading that P Volcker is telling Obama that we have to stop depending on consumers making up so much of our GDP 70%, basically he said consumers need to make more stuff and spend less, maybe that is why W Buffet bought a train, to move the American stuff, oh and I also read its cheaper to transport coal by train then truck, so while we wont be able to burn it in the USA we sure can export it to China by train of course, at least to the coast.