Buffett Is Right Again on the Markets

Perhaps no other sentiment had the same warm, fuzzy feeling of telling people to "Buy American. I Am" At the time, nothing could sound better during a state of chaos. But for months it seemed that anyone who bought "American" was trying to catch a falling knife.

The reference above pertains to an op-ed piece that appeared in the New York Times back in October 2008. The author of the article was Warren Buffett (disclosure: Buffett did not choose the aforementioned title; that was the choice of NYT editorial board). But the message from Buffett was clear: Stocks were trading at bargain levels not seen in decades. You could count on one hand the times that Buffett, in the span of 65-year career as an investor, had publicly come out and expressed a definitive opinion on the stock market....397 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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