Mountain Fist

An Opportunity for Patient Investors - Barron's

mzhuang, I can only assume you are talking about people like me when you say pundits are mocking Buffett. I can speak only for myself when I say, mocking Buffett is anything but what I am doing when I make comments. I have been studying and investing in markets for over 25 years now, so I'm a bit more than a "pundit". Buffett's op-ed piece was garbage and may have been at the least a patriotic attempt to pump up our markets and restore some confidence. At it's worst it's pretty bad stuff.

When in the same breath he disqualifies it by saying "I don't know what the market is going to do short term", you better watch out. Short term for him is a couple of years. Very few small investors have the money, the patience, and most importantly...the emotional state, to watch their positions drop another 40-50% in two more years or even sit flat for 2-3 years (should they be so fortunate in their selection process). Many of the people that get sucked into these sucker rallies will be selling shares to Buffett (figuratively) over the next 2-3 years.

It may be a great time for Buffett to buy, but that doesn't mean it is for the rest of us. And Buffett d$#n well knows it's a treacherous time for Joe the Plumber to be buying stock! Anybody who thinks he doesn't know that needs to just go back to the their fantasy world and forget about reality for now until it slaps them so hard in the face that they wake up!