Warren Buffet predicts that ....RECESSION,VERY,VERY UNLIKELY....Hmmmm...How about a depression ?

Warren Buffett Buying Stock Bargains with U.S. Recession 'Very, Very Unlikely'

Published: Friday, 30 Sep 2011 | 10:22 AM ET

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By: Alex Crippen
Executive Producer

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Warren Buffett at the NYSE Opening Bell ceremony, September 30, 2011

Warren Buffett says Berkshire Hathaway has been buying stocks at bargain prices, including shares of his own company.

In a live interview on CNBC from the floor of the New York Stock Exchange, Buffett revealed Berkshire has bought a net total of $4 billion worth of common stocks during the quarter that ends today.  That's about as much as the company bought in the first half of the year.

He tells Squawk Box co-host Andrew Ross Sorkin, "The cheaper stocks get, the better I like to buy them, whether its our stock or somebody else's."

Buffett says he thinks Berkshire's market price is very attractive, and the company has just begun to repurchase some shares under the surprise buyback program announced on Monday.  Buffett wouldn't reveal how much has been bought, noting the "paperwork was just completed yesterday."  It all depends on the price.  "The cheaper it is, the more aggressive, generally, we will be buying.  It's just like any other stock."

Buffett says the buyback program should not be seen as a sign he's pessimistic about finding potential acquisitions, and he's still looking for "elephants" to buy.

The Omaha billionaire isn't worried his new purchases will be caught up in a 'double-dip' for the U.S. economy.  He thinks "it's very, very unlikely we'll go back into a recession."

Buffett tells us Berkshire will invest $7 billion in its plants and equipment this year.  Ninety percent of that money will be spent in the United States.

Buffett was at the NYSE for this morning's Opening Bell ceremony, marking the 50th anniversary of Business Wire, a Berkshire subsidiary.

Tonight he hosts a fundraiser in Manhattan for President Obama's re-election campaign.

RELATED LINKS

• GOP's Perry: Buffett Doesn't Understand 'Real World' of 'Overtaxation' 29 Sep 2011
• Berkshire's Best Day in 2-1/2 Years Puts Stock at Buyback's Upper Limit 26 Sep 2011
• Berkshire's Surprise Stock Buyback 'Authorization' 26 Sep 2011

Current Berkshire stock prices:

Class B: [BRK.B  72.15    -0.56  (-0.77%)   ]

Class A: [BRK.A  108400.00    -800.00  (-0.73%)   ]

Alzheimer's Prevention - Vitamin D Clear Alzheimer's Plaques - Health Tip - RealAge

Alzheimer's Prevention - Vitamin D Clear Alzheimer's Plaques - Health Tip - RealAge:

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Who's funding the U.S. budget deficit?

VIX Double bottom inside an ascending triangle....How worried should we be ?

The VIX is an ephemeral beast beloved by talking-heads and options-market-makers alike (and now FX strategists). In a rather alarming note from CitiFX today, they are concerned over the chance of an explosive breakout as one of their favorite technical setups comes to pass - a double bottom within a triangle. If these levels break then the team expects a test of S&P 1000-1015.

In a note titled "Oh Dear...", CitiFX points out:

The set up on the VIX is now looking increasingly like a double bottom within a triangle. This often results in an explosive breakout.

The levels detailed below need to be watched carefully as if they go then there is a danger we get to out 1,000-1,015 target on the S&P a lot faster than we thought.

The pattern above is one of our favourites when completed (A double bottom within a triangle.)

So far we have not managed a daily close above the neckline which stands at 43.18%.

A close above here would complete the double bottom and suggest an impulsive move higher to at least 56%.

That is a problem. Not only does that suggest another sharp selloff in the S&P 500 but it creates an even bigger breakout.

It has not been our base case scenario that the 48.00-48.2% level will be broken on a weekly close basis on this chart. If, however that does happen then there is a real danger that our 1,000 target on the S&P gets hit much quicker than we think.

The pattern on the daily chart above suggests that if we close over 43.18% we will go over 56% which by definition means that a close over 43.18% suggests that the 48.00-48.20% area will give way.

A weekly close above here would almost certainly suggest a move to our 1,000-1,015 target on the S&P 500 extremely rapidly. Such a development would also strongly question our present view in today’s’ weekly highlights that further consolidation was likely in the short-term before the next move lower in “risk”.

The target on such a break for the VIX would be at least 80%+...we are now officially worried.

Average:

Per Martin Armstrong -

Either way we look at it, Europe is in trouble. We should expect new lows in the share markets in

general for 2012, and that should be the final low with a reversal in trend thereafter. A full review will be

published shortly. Meanwhile, the share markets are in trouble because of a collapse in public

confidence. We need to complete the bear market runs in those markets that peaked in 2000 looking for

the final low in 2012. Once this is completed, then it will be a reversal of fortune. This implies the Euro

may seriously crack in 2012.

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Europe, Greece and Debt Crisis: Greece Set to Approve Tax; Unions Prepare to Strike - CNBC

Europe, Greece and Debt Crisis: Greece Set to Approve Tax; Unions Prepare to Strike - CNBC: "Buses and metro workers will strike and tax collectors themselves will begin a 48-hour stoppage in protest against the bill and other new austerity measures."

Greece is going to be just fine.....RRRAAIIIGGGHHHTT!!

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Silver rises 26% in 26 hours !

It appears rumors (there's that word again) of precious metals' demise have been greatly exaggerated yet again. After hitting a low of $26/ounce just shortly after 24 hours ago, the metal has since soared by a whopping 26% to $32.90 (thank you CME and Shanghai Gold Exchange). That's $6.90 in one day. The same with gold. It seems that the market has finally had its brain kicked in a little following the realization that an expansion in the EFSF from E440 billion to E3 trillion (which has about 0.01% probability of happening, and would likely see the mobilization of a certain army first) would mean an exponential decline in the credibility of that "other" currency, which while potentially retaining its value against the "first" currency, will have been devalued that much more against the real, undilutable currency. We expect the market to comprehend that Goldman, for once, was spot on in its evaluation that anyone who bought yesterday at the lows, will have already made their full year unlevered return in one short day.

Silver:

and Gold:

Buffett Buyback Shows S&P 500 May Be Bargain - Bloomberg...OR...Panic !

Buffett Buyback Shows S&P 500 May Be Bargain - Bloomberg:

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Gold: Is Gold Rally Finally Over? What History Tells Investors - CNBC

Gold: Is Gold Rally Finally Over? What History Tells Investors - CNBC:

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Record Dividends Lure Morgan Stanley to Asia - Bloomberg

Record Dividends Lure Morgan Stanley to Asia - Bloomberg:

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Twist Paves the Way for QE III | Peter D Schiff | FINANCIAL SENSE

Twist Paves the Way for QE III | Peter D Schiff | FINANCIAL SENSE:

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Amazing! Silver Follows Historical Pattern to a "T" | Cris Sheridan | FINANCIAL SENSE

Amazing! Silver Follows Historical Pattern to a "T" | Cris Sheridan | FINANCIAL SENSE:

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Top Ten Weekly Sell-Offs in Gold and Silver and weekly comparisons

Tom Grill | Iconica | Getty Images

Gold posted its worst weekly percent decline since 1983, as investors sold the metal tocover margin calls and losses in other assets.

Gold futures prices for December delivery[GCCV1  1640.10    0.30  (+0.02%)   ] settled at $1,639.8 Friday, down $101.9 or 5.9 percent.  It was the worst one-day percent drop since March 2008.

For the week, gold fell $175 or 9.6 percent, while silver dived $10.73 or 26.3 percent to settle at $30.10 an ounce.

The recent sell-off comes after gold settled at a nominal record high of $1,891.9 back in August 22, marking the thousand-twelfth day of the metal's bull-market run.

During that period, gold prices increased 168.5 percent for the third best bull-market performance since 1975.

According to Bespoke Investment Group, the median gold bull market has lasted 418 days, while the median gain stands at 64 percent.

That compares to the median gold bear market, which lasted 274 days, with a median loss of 34 percent.

The worst percent bear market in gold was recorded back in August 3, 1981, when prices fell nearly 46 percent over a 315-day period, after they had risen 335 percent to $834 from November 29, 1978 to January 21, 1980 (418-days).

The tables below include the worst weekly-percent declines for gold and silver dating back to 1975, along with the returns for both commodities the week after a large sell-off.

Friday's decline in gold was the sixth largest on record, while silver had its third biggest weekly percent drop ever.

Graham Summers says the Financial end is nigh...let's see..

September 22, 2011

The Fed Disappointed...The Great Collapse Is Here

I've been warning for weeks now that the Fed would disappoint with its September meeting. And boy did it.

As I forecast, the Fed didn't announce QE 3. In fact, it didn't announce any new policy of note. Instead it is simply reshuffling its holdings to focus more on the long end of the bond markets.

On top of this, the Fed announced it will only be moving roughly $400 billion of its portfolio around. This is the smallest major intervention the Fed has announced since it began implementing QE in 2009 (QE 1 was $1.25 trillion while QE 2 was $600 billion). Indeed, this move is on par with the Fed's implementation of QE lite which to date has been about $300 billion give or take in scope.

Even more striking, while announcing this disappointing move, the Fed downgraded its view of the economy stating, "there are significant downside risks to the economic outlook."

Previously, any admission of economic deterioration from the Fed resulted in the US Dollar selling off sharply as traders expected additional easing/ printing. This time around, the market senses that the Fed has disappointed and that the Fed's move is largely symbolic more than anything else.

The end result of this: the market is Crashing just as I warned. The S&P 500 has gone from 1,200+ to 1,136, a 6% drop, in the overnight session.

We're just getting started here. Today we got a confirmed SELL on my proprietary Crash indicator. This is the SAME indicator that registered before the 1987 Crash, the Tech Crash, and the 2008 collapse.

It's just triggered again... which means that today's sell off is JUST the beginning of what's coming.

Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.

We're also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.

Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What's coming is going to make 2008 look like a joke.

Many people will lose everything in this mess. Yes, everything. The US is going to be defaulting on its debt, paper currencies around the world will fail. It's going to be a dark dark time.