Subject: Re: BAC under 10% now

Dimon continued to warn, as he has regularly in recent years, that macroeconomic concerns and geopolitical risks have him worried, including the growing conflict in the Middle East and the U.S. government’s record-high debt outstanding.

This quote was from Jamie Dimon talking to analysts:

“It may or may not have a dramatic impact on the economy,” he said on a conference call. “We don’t know. We’re all hoping for the best.”

It will be interesting to see how this plays out. Mr. Buffett clearly sees some clouds on the horizon, or so it seems.