Warren Buffett: Cowboy Up and Buy American. I Am.

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it's great Warren thinks this is a buying opportunity. But in May of 2007, Warren was aslo reassuring investors that stocks weren't overpriced.
So if stocks weren't too dear, it's logical to conclude we were more or less invested. Where is this "magic pile of cash" we're supposed to put to work now that stocks have come off 30 percent from levels Mr. Buffett deemed not overpriced?

MR of MD of 1:20PM October 18, 2008

$2300..Instead of guessing- do the research.
Why not check into Palin- you'd be surprised. She helped turn the Maverick McCain-
"desparate". Also check out Buffetts credentials. You'd be amazed.

Connie of MN 11:25AM October 18, 2008

"3) Buffett advises Obama, and I hope the Democratic nominee takes the mental leap and concludes that one way to help our entitlement system provide a better return is by putting dough in the market. What a buying opportunity!"
This is a key point. In 1935 the Dow was around 250 points. One year ago, the dow was at 14,184. Just imagine if the Social Security was invested in the stock market backed by Treasury Securities.

Chris of AZ 6:57PM October 17, 2008