Friday, October 17, 2008

Buffet Speaks: It's Time To Buy

The Oracle of Omaha, the richest man in the world, gives a nuanced view of why he believes it's time to start investing again.

Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.

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