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I am now 50% cash. This is a very risky time IMO. Could you imagine what would happen if it goes to $65. The DOW will quickly go back below 10,000!
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i have quite a bit of position in gold for last few weeks. i think the economy is in trouble. also i have been short the car suppliers(VC,Xide, DPH) and have made pretty good money
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There may be a real estate bubble, Buffett tells CNBC (BRKA, BRKB) By Alistair Barr SAN FRANCISCO (MarketWatch) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway (BRKA) (BRKB) told CNBC on Thursday that he thinks there's probably a real estate bubble in the U.S. Lending practices, low interest rates and herd mentality are "coming together in the real estate market in a way that would lead me to believe that -- certainly at the high end -- people who buy houses today may have some periods when they regret it," Buffett said. The investing legend also said the U.S. current account deficit is a big problem and will lead to a weaker U.S. dollar, possibly in five years.
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banks are setting up for a fall in the short future with all the easy money. i guess they haven't learned from the lesson in the 80's
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NEW YORK (CNN/Money) - United Airlines, citing rising fuel costs, has joined a growing list of airlines that have hiked fares on domestic and international flights.
...said Tim Wagner, a spokesman for American Airlines. He noted that the carrier will spend at least $1 billion more on fuel in 2005 than in 2004.
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if china gets unocal over cheveron. that will be huge. then expect oil to go higher. then most of the oil will be heading to china. they have tons of cash on hand and are hungry
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"June 24 (Bloomberg) -- U.S. sales of new homes rose to the second-highest level on record in May at the same time corporate purchases of durable goods stagnated, evidence economic growth has become more dependent on housing.
Home sales rose 2.1 percent to a 1.298 million annual rate, second only to the 1.306 million pace in October, the Commerce Department said today...."
"Bubble in housing not inflating locally State nears record in home sales with 6% rise over past year, but experts see area as safe from feared bust in real estate...
Home buyers snapped up condominiums at a blistering pace in May, pushing the state's overall home sales toward a possible record and continuing the debate over whether the nation's housing market is bubbling toward a pop that would send prices spiraling down...."
Mary Umberger Tribune staff reporter June 24, 2005
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well, we will see by end of this year or early next year if there really is a bubble or not. nobody knows if there is a bubble or not until it already happenes. foreclosures are on a big uptick for the last few months for sure. i don't think it is a myth. time will only tell. everybody said i was crazy when i said it was going to slow down in the 80's.
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it will with the us deficit getting bigger. they will have to print more money shortly. the iraq war was a huge costly mistake. the fed have no choice but to raise rates. you can bet on it.
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