Buffet is buying into Goldman Sachs. Starting with the announced bailout of the U.S. financial system, the news are getting better. Eventually, that will lead to a better economic outlook. This feels like having a patient rest after an operation. Actually the operation has not been even performed yet. Only the illness has been diagnosed. But at least there is some certainty regarding the outreach, potential effects, and outlook on the near future.
Another couple of (I believe) positive happenings are limiting of shorting and fall of investment banking concept. These are all big things in the economic sphere but should have some positive effect in the mid- and long-term.
The economic news are getting better. It's a psychological way up. The prices will follow with inertia.
Another couple of (I believe) positive happenings are limiting of shorting and fall of investment banking concept. These are all big things in the economic sphere but should have some positive effect in the mid- and long-term.
The economic news are getting better. It's a psychological way up. The prices will follow with inertia.
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