Loading ...Gold, Buffet bubble and sheepos is what comes to mind when analyzing the US stock market today. Something very interesting was going on this AM pre market open. The dollar was up, oil was down, equities (stocks) were down, commodities were down, but gold was up. It clearly broke the trend and did it with conviction. Once the market opened, it was all about Buffets investment in coal. Personally, I lose more and more respect for Buffet every day. First he whores up with the greedy bankers of Goldman Sachs and now he invests in ill outdated technology. Burning coal is inefficient, worst, it causes cancer. I really hate how Buffet has no ambition to bring technology forward. He would rather turn 5 dollars into 7 doing something ordain than risk losing 3 dollars out of the 5 to invent something new. He lets everyone else take all the risk while he profits from riding other peoples coat tails. If this wasn’t bad enough, you had every pump monkey on TV calling it a great investment. One fool even went on to say, “I have no idea why he invested in coal, but if Buffet thinks it’s a good investment, than it must be a good investment”. Sheepos will take any Buffet investment, follow it and turn it into a bubble. I look around and feel that our society has become one big cesspool.
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