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2008-10-18 Home Front Economy

Buffett Says Now Is the Time to Buy U.S. Equities

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Posted by Steve White 2008-10-18 00:00|| || Front Page|| [3 views ] Top

#1 Mmmkay...between The Oracle and the fact that the Dow closed about where it did last Friday makes me think that at least we might be near the bottom...

Posted by Ricky bin Ricardo (Abu Babaloo) 2008-10-18 02:14|| 2008-10-18 02:14|| Front Page Top

#2 "Warren Buffett ...will soon be wholly in American equities."

Him and others who think like him. A lot of dollars may be coming home. Maybe this is why the dollar is increasing despite the monetary stimulus.

Posted by Minister of funny walks 2008-10-18 09:11|| 2008-10-18 09:11|| Front Page Top

#3 Of course, all of this depends on how deeply he is already in equities. There's a good chance that he has had his clock cleaned by the recent downturn, and he is desperate to restore confidence, or bail out, if things are really bad.

I am so-so about Buffett ever since I found out he was heavily invested in wind power. Had he talked to some engineers first, he would not have had to tout wind energy on public commercials to save his butt.

Commodities are very expert driven. Only a sucker invests in oil without being advised by oil men. The same applies to metals and agriculture. Several of the markets are insider driven, dominated by an oligopoly that stick it to any ambitious types that want to use their product to get rich quick. Like the Hunt Brothers, who tried to corner silver.

Me, I'm going to wait until after the elections to do much of any portfolio change except sell if there is a spike upward.

Posted by Anonymoose 2008-10-18 18:19|| 2008-10-18 18:19|| Front Page Top

#4 Take your cash now 'Mooose run that bank, convert it to Swiss Francs (backed by real milk chocolate) cause, the end is near. Remember it's all FIAT currency, backed by nothing except faith and the US Treasury.

I can't understand why this stock is tanking.

Posted by .5MT 2008-10-18 19:19|| www.cybernations.net]">[www.cybernations.net] 2008-10-18 19:19|| Front Page Top

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