Buy American. I Am.
It seems like most investors agree what Buffett says in the linked article, except most are also a lot more greedy than Buffett. They want to make the few extra dollars by jumping back into the stock market at it's true bottom. My guess, if the credit markets start working again in the next month or so, third quarter earning continue to come in as expected and Obama is elected President, the Dow will bottom out somewhere around 7800, then rebound slightly and hover around the 9000 to 10,000 mark for a few years, before heading north.
If the credit markets don't start working, then big trouble, the country will need Obama's steady hand to lead us through. If such scenario plays out a 7800 bottom would only be a dream.
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