crisis council: buffett. paulsen. ross etc

The Great minds speak, including Warren Buffett, Henry Paulsen, Wilbur Ross etc. Check out the slides and what they have to say about the market.

http://money.cnn.com/galleries/2007/fortune/0708/gallery.crisiscounsel.fortune/index.html

Some Quotes:
“People keep pointing to the fact that capital spending is great. But they pointed to the same thing in 2000” “We don't know how bad this gets”. Jim Chanos

“have been and continue to be short the investment banks and the commercial banks. If they bounce up, I'll probably short more. I'm certainly not buying anything. The market's only down 8%. I don't consider that a buying opportunity.” Jim Rogers

“When the bubble burst in early 2000, the optimists said not to worry. After all, Internet stocks accounted for only about 6% of total U.S. equity-market capitalization at the end of 1999. Unfortunately, the broad S&P 500 index tumbled some 49% over the ensuing 2 1/2 years, and an overextended corporate America led the U.S. and global economy into recession.” Stephen S. Roach

Voluntary Disclosure: Cash