Friday, October 17, 2008

Buffet's NY Times Op-Ed

In today's Times, Buffet announced that he's moving his personal holdings into American equities. It's pretty clear that the market will hit a bottom, and in several years will be up far from where we are now. The question is when to get in. Buffet's getting in now.

I've been waiting for April, when the next round of ARMs re-set, another round of earnings reports, the holiday sales season over, and the new administration. That was looking like the best case for spotting a nadir on the horizon. But if Buffet moves in, and does so publicly, and everyone else does too, then screw April, this could be the bottom.

If you've been watching some stocks, now might be the time to make a move.