Buffett: Time to Buy
Despite early losses, the market has taken an upward turn.
At 11:10, the Dow was up .06 percent, or 5.01, and Nasdaq was up .49 percent, or 8.53. The S&P was up .34 percent, or 3.2.
Trading volatility continues. And it's still early. But it looks like, at this point, markets may be on track for its first weekly gain in months.
And, in case you haven't heard, Warren Buffett, the Oracle of Omaha, has said he will soon be 100 percent invested in the U.S. stock market. This is the time to buy, he wrote in a New York Times Op-Ed this morning.
"Be fearful when others are greedy, and be greedy when others are fearful," he wrote.
"Over the long term, the stock market news will be good."
Only time will tell if investors adopt his bullish attitude, especially as consumer confidence hits record lows (see previous post).
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