monday the bottom or not, page-12

Past long call by Warren Buffet:

http://financemanila.net/2008/10/19/warren-buffet-calls-a-buy-but-wont-define-bottom/

Could he get lucky this time? Or he is a bit of out of touch?

If he is right this time, Assume 10-15% downside, we might see DJI at 7500 to 7700 range.

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Nov 1 1974 "now is the time to invest and get rich," he says in a Forbes interview.

* 11/1/1974 close 665.28
* 12/9/1974 closed 579.9 (lower by 12.8% more after call)
* 07/19/1975 closed 872.11 (higher by 31% after call)
* 09/22/1976 closed 1014 (higher by 52.4% after call)


Aug 6 1979 "those awaiting for a better time in equity investing are highly likely to maintain that posture until well into the next bull market," again stated in a Forbes piece.

* 08/6/1979 close 848
* 04/21/1980 close 759 (lower by 10.4% after the statement)
* 04/27/1981 close 1024 (higher by 20% from time of statement)