Who Saw This Coming

Who saw this whole financial crisis coming?

Not Warren Buffett. Berkshire's holdings have had as lousy a year as the overall market. He is also significantly underwater in the holdings he purchased this fall in General Electric & Goldman Sachs. (For the record it is worth noting that Buffett is the longest of long term holders).

Not General Electric. They were buying back their own stock earlier this year when it was in its 30's and had to sell stock in the teens and 20's.

Not Bill Miller over at Legg Mason. He's down over 50% this year.

And certainly not Citadel Holdings the big Chicago Hedge Fund Complex. They lost 13% in November and are down 47% year to date.

*Long General Electric in certain client accounts.