Reply to 1%ers: What are you doing with your $$ before Dec 31?

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[quote=Anonymous]Nowhere - this is a short-term correction and it will pass. Hedge fund managers who use computer trading need little reason to move massive quantities of shares. We are not going over any fiscal cliff. The Republican are not crazy enough to let that happen. If they do not become more of a centrist party in a decade they will cease to exist. For some reason Goldwater and Reagan were able to unify a strange coalition of disaffected Vietnam War supporters, Christian Fundamentalists, Reagan Democrats, and the ultra-rich into a very powerful political force which has had a "take no prisoners" attitude and which has dominated U.S. politics during the past 32 years. Thankfully that era is now coming to an end. The Reagan Era and its aftermath is finally ending and the proof was just demonstrated during our recent election. The Reagan Coalition and their children who came to political awareness in the 1980s were a large and powerful coalition, but our recent election proved that the torch has now been passed to a new generation. The old mantras of the Reagan Era are now irrelevant and if the Republican Party refuses to move politically towards the center they too will become irrelevant.

The Republicans may be crazy, but they are not stupid and they will not drive us over the fiscal cliff just to prevent the mega-wealthy from paying their fair share of our national burdens. They won't do it because they now know their base is not large enough to catch them once they go over the cliff.

I'm glad I have invested in Berkshire Hathaway. They have more than $40 billion in cash and they are just waiting for the right opportunity to use it. The economy is expanding, but the stock market is declining. This is turning into a perfect buying opportunity for a company like BRK-A and BRK-B which is fat with cash to make profitable acquisitions while others are worrying about the man-made hype and mania of the fiscal cliff. [/quote]

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