techzone12

When Warren Buffett Speaks, It's Still Worth Listening

Buffett is someone that I admire. He inspires me, but I don't follow his steps blindly. I have been hearing him saying it's time to buy (for a while now), but I was not convinced. So I stayed out (I stayed completely out since December of 2007).

I know the paradigm is that no body can time the market, but that does not stop me from trying anyway!. I am not trying to perfectly time the market by the way, I am just playing some defense to avoid being slaughtered in this market. It's called risk management.
I believe that the momentum is still pointing downward. But in my opinion, the climate has to shift first, before we can see some sustained growth. To get a remedy, you need to treat the disease (which is foreclosures) and not "just" deal with the symptoms.