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The Doomsday Cult Capitulation Trade

‘Buffett’s Berkshire Yanks Billions In Forex Bets:’

Buffett’s Berkshire said on Friday that it had reduced its foreign currency holdings to $16.5 billion, from $21.5 billion three months earlier.

posted on 08 November 2005 by skirchner in Economics

(2) Comments | Permalink | Main


Comments

buffet should have stuck to his core competency…

have you seen the US dollar today…surging. schadenfreude about the doomsday cultists is ok, right?

Posted by .(JavaScript must be enabled to view this email address)  on  11/08  at  12:22 PM


Wouldn’t normally make fun of people getting things wrong, since all market participants are just one shock away from being wrong, whatever their position.  But when they are wrong for dumb reasons, some ridicule is in order.

Posted by skirchner  on  11/08  at  01:37 PM



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