Finance and Investment

Buffet says ‘Buy.’

Warren Buffett, the world's greatest investor, has a message for people who have become fearful of today's stock market: Buy stocks now!
In an editorial in last week's New York Times, Buffett says, "...fears regarding the long-term prosperity of the nation's many sound companies makes no sense."
The Oracle of Omaha, as he is known, cautions that he is not calling the bottom for stocks. "I haven't the faintest idea whether stocks will be higher or lower a month - or a year - from now."
But he clearly feels the environment of fear has created great opportunities. "A simple rule dictates my buying: Be fearful when people are greedy and be greedy when people are fearful."
History would certainly say Mr Buffett is right. Through two world wars, several recessions, the great depression, and countless other scares in the market, the market has always recovered. Yes, these times we now live in are different, but so are the global economies and the global opportunities.
We likely have not hit the bottom, but for anyone willing to invest for the mid to long term, history would also say that you won't see a better sale for a long time than that the market is offering right now.