The market went higher today on news that legendary value investor is considering taking a stake in beaten up Bear Stearns. The market thinks Buffet knows something about the market, or at least about Bear Stearns.

The UAW and GM also ended their strike after only two days. In addition, a weak durable goods order actually helped the market because it supported an additional rate cut.

 

Submitted: Sep 26, 2007    Views: 237    Comments: 1    Likes: 6   


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WPickering
WPickering

Buffett isn't going to buy into Bear at this price and that reality will cause the stock to fall further.

Posted: Oct 3, 2007



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