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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: Devil's Advocate who wrote (1803)9/17/1998 10:54:00 AM
From: joe  Respond to of 7247
 


DA,

>> But 9 billion in cash is a pretty big hint if you ask me. <<

Yes, it's a lot of cash.

But Buffet has been saying that
the market is very overvalued since at least 1996. It definitely
would be interesting to see if he is changing his mind
on this. I doubt it.

I think he would like to see at least
another 1000 pt drop on the DOW. If he does start buying,
I would take that as a strong buy indicator.

joe