Warren Buffett

• alphatrends
• October 17th, 2008

is “the world’s greatest investor” and when he starts buying stocks in his personal account that is definitely worth noting. I do not think that Mr. Buffett’s intent was to call “the bottom”, for he is a patient investor who expects there to be volatility. I am not going against Mr. Buffett or making a market call, only bringing to light the similarities of the 1929 chart and the current Dow chart. We remain in a bear market and you cannot let your guard down for any reason whatsoever. If prices continue higher, raise your stops on longs. If prices start to decline do not be a fool and hold on just because it is the popular thing to do.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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