Warren Buffett’s lunch meeting price points to a deep bear market for the rest of 2009
Peter Oberois
Jun. 27, 2009

A compter driven steady state and transient mode regression study relates the econometric conditions, Warren Buffett’s lunch meeting price and some other factors to predict the stock market for the rest of the year. Things look real gloomy. Stocks according to this model can slide 40 to 50% within next twelve months.

The steakhouse lunch with billionaire investor Warren Buffett sold for $1.68 million in an online auction to benefit a San Francisco charity, trailing last year’s record of $2.1 million by a staggering 25%. The winner chose to remain anonymous.

The auction consisted of 10 bidders and 116 bids, according to EBay Inc., and ended yesterday. The Glide Foundation, a San Francisco-based charity where Buffett’s late wife volunteered, will receive all proceeds from the event.

The econometric model is pretty accurate. Only time will tell how the regression study will turn out to be.

Warren Buffett’s lunch meeting price points to a deep bear market for the rest of 2009
Peter Oberois
The steakhouse lunch with billionaire investor Warren Buffett sold for $1.68 million in an online auction to benefit a San Francisco charity, trailing last year’s record of $2.1 million by a staggering 25%.
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