[JNB]

Larry Kudlow? You got to be kididng me. I do not agree with Buffets political leanings, but he has about the sharpest mind on economics out there. Back as eraly as 97, he was cautious about tech stocks, and he openly questioned their values in 98-99, to the point people said he was a has been. Guess, what, Berkshire Hathaway still has retained 80% of its value, while techs have dropped more than 80%. On the other hand, Kudlow was a cheerleader of the "new economy".

Sorry

[narses]

Psst, Buffet NEVER bought tech stocks. He doesn't understand them. He missed out on stuff like Microsoft. Had he bought Microsoft any time until 1997, he'd still be in the money in a big way. He is in his dotage.

[MHT]

Buffett is big enough to make things happen just by saying that such is so. He and his wife have contempt for Bush and, as such, will push their agenda in any way they can. What better way than to undermine the Bush economy through bad-mouthing it? BTW, it didn't take a genius to figure out that there was nothing to the tech sector and avoid speculation--fundamentalists, rather than technicians, were able to do that. The deliberate over-estimates of the Depts. of Commerce and Treasury contributed to the "rosy" Clinton economy and Bob Rubin should be held personally responsible for mal-administration. The Clinton Adm. knew those were numbers were wrong and false economic reports fueled the markets. Where was Buffett then in reporting this abuse and what its impact would be? The Emperor had no clothes, although by the word of the Clinton administration, one would have thought they were made of gold.

Kudlow should not be relied upon for particular market predictions; however, his insight into the impact of the Clinton tax hike was ahead of the curve. In spotting macro trends, he's worth a listen.