With warren buffett coming out of hiding and willing to invest money in the stock market, i wonder whether market has reached its bottom. After all he is more seasoned and has lot of wisdom and understanding about the market than me.
It is true that the recent trends in the market shows relative calmness, which i attributed to the government's policies. Some how i still feel the market is going to head down for some more time and i am holding to the bearish view for the entire year.
Wednesday, February 13, 2008
Has the market reached the bottom?
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The fact that he's now getting involved is both unsettling and a blessing. To me, it either seems like he's either come to the realization that the market is at the bottom and this is a way to bring it back up or he is trying to do something before it gets to that point. My guess is the latter, I think it reached its bottom weeks ago and he's just tired of waiting for other people to make it better.
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