Sunday, March 16, 2014

What Buffett said on Friday




1. He would be 'surprised a lot' if stock prices fell 50% in the near future.
2. There will be another financial crisis "someday" in the years ahead.
3. Dow will reach 100,000 but he won't live to see.

Click "Warren Buffett" for the CNBC report.

He has ruled out my 'Option 2' as shown below, where mega wave 1 has ended and Dow is forming its mega wave 2 that can go as low as 6,547 level, the March 2009's bottom.


So, he think that this scenario won't happen at this moment and in the near future. May be a 10% major wave (6) pullback is more likely, that is Option 1.




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