US Market tumbling these days and due to bailout, subprime issue. And the billionaire investor Warren Buffet makes a bold call in NY Times time to buy US stocks.
http://www.cnbc.com/id/15840232?video=893521727&play=1
"Be fearful when others are greedy, and be greedy when others are fearful" quoted by Warren Buffet.
Of course, he is saying that fearful create an opportunity to bargain a good buy on those strong fundamental companies. And not buying blindly as he mentioned during the market clash. No one can predict how low the share market will going down. However when a bargain buy on strong fundamental companies at the right price, it will at least reduce the risk of shrinking your capital investment further. Thus he said that be greedy when others are fearful.
CASH ISN'T KING "Today people who hold cash equivalents feel comfortable. They shoudn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
This is not a first time when Buffet said about when market tumbling.
Nov 1, 1 974 Forbes "Now is the time to invest and get rich."
"Those awaiting a 'better time' for equity investing are highly likely to maintain that posture until well into the next bull market" - Forbes , Aug 6, 1979
"Investors in stocks these days expecting too much" - Fortune, Nov 22, 1999
during the Tech Bubble burst he mentioned above.
