The Buffett bounce has little staying power, as IBM (IBM +0.1%) shares now meander near the...

|By:, SA News Editor

The Buffett bounce has little staying power, as IBM (IBM +0.1%) shares now meander near the flatline after Warren Buffett's disclosure of a 5.5% stake. But Buffett seems a bit late to the party; IBM has traded in a range of 11x-13x forward earnings, vs. 10x-12x during 2010. Therese Poletti asks: Is the investing king losing his Midas Touch?