Maybe Buffett is very concerned that a failure of the passage of the bailout would cause such a problem that his entire wealth would decrease significantly. By showing faith in Goldman, perhaps he feels he can create support for the bailout and hence be better off. His decision may have nothing to do with Goldman's potential to make a profit for him itself.
The Long and Short of It - Cramer's Mad Money (9/18/08) [View article]
"Cramer and Dugas agreed that now may be a great time to buy a home and shares of Pulte Homes."
"Now is the time to buy" is the mantra of every real estate sale person. They were saying it at the peak of the recent bubble. I can't believe Cramer is spouting such foolishness.
Fear At Work - Cramer's Stop Trading (9/17/08) [View article]
Dear Mr. Cramer is talking about the times we have gotten through before; he doesn't mention the solutions were always Band-AidsĀ®. He should include Johnson & Johnson, JNJ, in his discussion. I don't know if a Band-AidĀ® will work this time, but sooner, or later, the chickens will come home to roost. This may be that time.
What's the Smartest Money Doing? Buffett's Buying Goldman Sachs [View article]
The Long and Short of It - Cramer's Mad Money (9/18/08) [View article]
"Now is the time to buy" is the mantra of every real estate sale person. They were saying it at the peak of the recent bubble. I can't believe Cramer is spouting such foolishness.
Fear At Work - Cramer's Stop Trading (9/17/08) [View article]