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[sharechat] Warren Buffett Warning

From:	"Lazy Haggis" <lazyhaggis@hotmail.com>
Date:	Tue, 04 Mar 2003 15:11:16 +0000

Buffett's latest letter to shareholders effectively warns investors to get 
out of equities, wait on the sidelines for better value, and of a pending 
collapse in financial companies due to the derivatives markets. After three 
years of falling prices stocks remain unattractive.

My own personal view is that stocks will fall significantly over the 
following 18 months, managed funds will be savaged more brutally, and gold 
will trend upwards. This scenario could be further compounded by the effects 
of war and terrorism for the worse, or better, in the case of gold and gold 
shares.

It's good to have Warren Buffett on your side.

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