Craig, you need to understand what part of the cycle we are in...

Craig, you need to understand what part of the cycle we are in and how very long the cycle is. As old as buffet is and desipte how long as he has been trading, even he has not traded through a market such as this. He was a babe in nappies the last time we were here. The economies of the world have been moving up since world war II and any bad patches since then were merely bumps in the ever upwards path.....This is a 1929 type event.