• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

KABOOOM: BERKSHIRE HATHAWAY INC OUTLOOK TO NEGATIVE FROM STABLE BY S&P

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Mon, 08/08/2011 - 12:18 | 1537580 TheTmfreak
TheTmfreak's picture

Its clear somebody really pissed off S&P. Probably got cut out of the loot.

Mon, 08/08/2011 - 12:19 | 1537588 Harlequin001
Harlequin001's picture

That's what happens when you refuse to give them immunity from prosecution for their own (over) ratings...

Mon, 08/08/2011 - 12:29 | 1537663 dbach
dbach's picture

Was that part of the Frank Dodd bill? If so, HA! This is what happens when you make the cheerleader go back to math club.

Mon, 08/08/2011 - 12:39 | 1537738 Haywood Jablowme
Haywood Jablowme's picture

 

"SUCK IT UP" MUNGER!  YOU FUCKIN' ASSHOLE!  BWAAAA-HAAAA-HAAAAA


Mon, 08/08/2011 - 13:00 | 1537854 RockyRacoon
RockyRacoon's picture

Yeah, take THAT Mr. Oracle, sir.

Mon, 08/08/2011 - 13:26 | 1538044 fx
fx's picture

I'd say, S&P is playing their final cards. the US govt will of course NOT shut them down asap - as that would look like punishing them for their downgrade of the US. And imho getting that kind of 'protection' was S&P's ONLY motivation behind their downgrade action. But expect regulatory issues and accusations of fraudulent behaviour agains S&P to surface by October at the latest both in Europe and in the US. S&P will not be around any more one year from now. And boy, do they deserve it - and Moody's, too. Nobody needs ratings agencies - at least not in the powerful market driving position that they command these days.

Mon, 08/08/2011 - 12:20 | 1537593 schoolsout
schoolsout's picture

I just texted my buddy the same thing...someone is just a little pissed off...

Mon, 08/08/2011 - 12:26 | 1537644 TheTmfreak
TheTmfreak's picture

There is no question about it. For all of the talk about "TPTB" its always assumed that they will work together lock and step. In reality, piss one of them off and they'll blow the lid off of the whole scheme. I welcome these downgrades if anything to continually destablize these clowns.

Mon, 08/08/2011 - 12:32 | 1537675 Don Birnam
Don Birnam's picture

It appears Uncle Warren needs a shoulder to cry on. A nice pair of legs is always good for some "alpha" as well.

http://cdn1.benzinga.com/files/becky%20quick%20222%20hot%202.jpg

Mon, 08/08/2011 - 12:43 | 1537767 gorillaonyourback
gorillaonyourback's picture

uncle warren should call becky quick for a blow job.

Mon, 08/08/2011 - 12:33 | 1537699 High Plains Drifter
High Plains Drifter's picture

no honor among thieves.   however,  they are also pissing off the boys from brighton beach (maybe)........

 

Mon, 08/08/2011 - 13:12 | 1537945 slewie the pi-rat
slewie the pi-rat's picture

@ "I just texted my buddy the same thing...someone is just a little pissed off..."

hey! at least it isn't the Justice Dept.!!!

Mon, 08/08/2011 - 12:22 | 1537607 Aductor
Aductor's picture

Didn't the "Oracle" say that in his book, the US was AAA? LoL.

Mon, 08/08/2011 - 12:28 | 1537656 TruthInSunshine
TruthInSunshine's picture

Que Obama in 32 minutes.

He's going to speak some more words. Into the camera. Read from the teleprompter. About.....stuff.

Mon, 08/08/2011 - 12:35 | 1537712 duffelpud
duffelpud's picture

He'll recommend we all drink Brawndo because "it has electrolytes".

 

Mon, 08/08/2011 - 13:39 | 1538141 toady
toady's picture

'Everybody go shopping!'

'If you don't shop the terrorists win!'

Actually, a talking head just said its about chanook down. I'm sure he will work in some 'I hate s&p'.

Mon, 08/08/2011 - 12:36 | 1537717 Pontificating B...
Pontificating Buffoon's picture

It will sound something like this:

 

"Whaaa, whaa, whaaa, whaaa, whaaan, whaaan, whaan!" (Kind of like the sound of the teacher on the Charlie Brown cartoons, use your imagination)

Mon, 08/08/2011 - 12:37 | 1537732 aheady
aheady's picture

lol

Mon, 08/08/2011 - 12:33 | 1537704 citrine
citrine's picture

If I recall correctly, he also suggested to "bet havily against double dip recession"

Mon, 08/08/2011 - 12:58 | 1537845 Shock and Aweful
Shock and Aweful's picture

Shit...

 

This old fool said the U.S. should be rated "QUADRUPLE A". . . just yesterday

I thought it was funny all weekend....all of the shills were out in full force making statements about how they saw no need to sell U.S. Treasuries....

You know for a damn fact that Obungo and Jeethner were on the phones all weekend...calling in "favors" from their billionaire friends....I can hear it now...

 

"Hey Warren...we know that for some reason...millions of morons in the U.S. actaully listen to you....so do you think you could do Barry a favor and make a statement ...bsacially calling into question the reasoning of the move by S&P and saying how wonderful of an investment idea you think Treasuries are?"

The next 30 days are going to be very, very interesting me thinks....

Mon, 08/08/2011 - 12:23 | 1537619 OnTheWaterfront
OnTheWaterfront's picture

Armageddon is at hand!!!

Mon, 08/08/2011 - 19:43 | 1539975 Diogenes
Diogenes's picture

Armageddon addahere.

Mon, 08/08/2011 - 12:24 | 1537626 Chief KnocAHoma
Chief KnocAHoma's picture

Buy tangibles - food, water, silver, gold and land -

http://sotcksdairyroadfarm.blogspot.com/

Mon, 08/08/2011 - 13:07 | 1537903 cossack55
cossack55's picture

Don't forget the means to protect above list.

Mon, 08/08/2011 - 13:51 | 1538241 Zeppelin5637
Zeppelin5637's picture

Gold and Lead,  bitchez!!

Mon, 08/08/2011 - 15:48 | 1538755 madbomber
madbomber's picture

in the photos of your farm there is a real alien inside the

second pacman's head eating the property (forest) ?

i see.

I LIKE TURTLES.

Mon, 08/08/2011 - 12:24 | 1537629 slaughterer
slaughterer's picture

Berkshire Hathaway: gigantic derivative positions.   S&P no longer overlooks them.  The day S&P made history. 

Mon, 08/08/2011 - 12:44 | 1537773 gangland
gangland's picture

 

+SPV

 

Mon, 08/08/2011 - 12:18 | 1537581 H. Perowne
H. Perowne's picture

Suck it up, buddy. Suck it in and cope.

Mon, 08/08/2011 - 12:18 | 1537582 Greater Fool
Greater Fool's picture

...but they're still AAA in Omaha.

Mon, 08/08/2011 - 12:33 | 1537702 Cow
Cow's picture

+1

Mon, 08/08/2011 - 12:18 | 1537583 The Shootist
The Shootist's picture

Wow, things are moving fast, sorry Gwandpappy Wawwen.

"Where did ya come from, where did ya go, where did, ya come from, Cotton eyed Joe!"

Mon, 08/08/2011 - 12:19 | 1537584 dbach
dbach's picture

Is S&P under new management or something? What's gotten into them?

Mon, 08/08/2011 - 12:46 | 1537763 Doyle Hargraves
Doyle Hargraves's picture

Probably gonna piss in everyone's cheerios and then merge with DaGong Credit Ratings to avoid the persecution surely coming their way.

Mon, 08/08/2011 - 13:08 | 1537912 cossack55
cossack55's picture

Good call. China has much more clout after Clinton sold them the W88 plans.

Mon, 08/08/2011 - 13:41 | 1538158 Doyle Hargraves
Doyle Hargraves's picture

"When you take away the impossible whatever remains no matter how improbable must be the truth..."-Mr. Spock

Mon, 08/08/2011 - 12:47 | 1537784 fuu
fuu's picture

Italy raided their offices last Thursday.

Mon, 08/08/2011 - 12:25 | 1537586 TruthInSunshine
TruthInSunshine's picture

Here's to hoping that Warren 'Uncle Sugar-Thanks For Bailing Me Out' Buffet and co-partner in crime, Charlie 'Suck It Up Taxpayers' Munger both get what's coming to them sooner rather than later.

They are both part of the cancer that is causing the rot process that is hollowing out the nation.

Mon, 08/08/2011 - 12:19 | 1537587 Kina
Kina's picture

If they did all this shit two years ago we wouldn't be in the trouble we now are.l

Mon, 08/08/2011 - 12:20 | 1537590 doomandbloom
doomandbloom's picture

AAA+

Mon, 08/08/2011 - 12:21 | 1537603 sourgrapesson
sourgrapesson's picture

rearview mirror 101

Mon, 08/08/2011 - 12:21 | 1537606 Harlequin001
Harlequin001's picture

er we would, we would just be a little nearer to a final solution...

Mon, 08/08/2011 - 12:20 | 1537591 I am a Man I am...
I am a Man I am Forty's picture

fucking awesome, warren and charlie can suck it

Mon, 08/08/2011 - 12:24 | 1537627 AccreditedEYE
AccreditedEYE's picture

+1

Mon, 08/08/2011 - 12:21 | 1537594 LOWNskater52
LOWNskater52's picture

Oh thats awesome.  Suck on that Buffet!

Mon, 08/08/2011 - 12:21 | 1537595 Fazzie
Fazzie's picture

 Warren and Charlie dont suck it up, they whine like 5 year old girls and expect Uncle Sam to cover their losses.

Mon, 08/08/2011 - 12:21 | 1537596 choorles
choorles's picture

good times. crazy days. great site: www.silverrevolucion.com

Mon, 08/08/2011 - 12:22 | 1537598 anynonmous
anynonmous's picture

just watch

S&P is about to be (has been) named public enemy #1 by the administration

they will be called before congress

their senior employees will be targets of smear campaigns

they will be broken up

just watch

Mon, 08/08/2011 - 12:22 | 1537617 Harlequin001
Harlequin001's picture

I'm throwing my hat in for the top job...

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