Sep 25 2008
I Guess Buffet is pretty smart after all
Yesterday there was a slight response to a reknowned investors move to invest $5 billion in a big name financial stock by the name of Goldmann Sachs. As is usual with news reports that affect the market, there was a blip and a sudden rise in index prices and then it all came back down within a half hour.
But as I look at the very positive future values of today’s session at only 8AM I can’t help but remember Buffet’s strategy. As an educated trader, you can’t get good at trading and investing without studying, at some point along the line, Warren Buffet’s strategies and approach to the market. He’s NOT a trader and when he goes in, he goes in big because he thinks he’s going to make a lot of money because he thinks his newly acquired stock is going to rise. If I were you, I wouldn’t bet against him — it’s not worth the risk of being a bear now — it’s BULL time!
Come on markets, let’s pull together and start to rebound because the US economy isn’t dead yet and Buffet’s on our side as of yesterday. As always with the market…we’ll see what happens.
