- taken from Motley Fool...
Do you know the famous Warren Buffett adage: "Be fearful when others are greedy, and greedy when others are fearful"?
Well, consider these quotes from some of the most respected names on Wall Street, and tell me which emotion you think is most prevalent in the market today:
"I think we are going to have a doozy of a recession."
-- Julian Robertson
"I don't think there is much upside over the next few months ... the mess just keeps spreading."
-- Edward Yardeni
"The situation is much more serious than any other financial crisis since the end of World War II."
-- George Soros
The stock market has spooked even the most experienced of investors, but Buffett's words still ring true: It's time to get greedy.
Yes, I read the newspaper
The housing bubble has burst, the credit crisis continues, the Federal Reserve may have lost its ability to stimulate the economy, and the United States appears headed for a recession. Each one of these headlines is frightening by itself; together, they're terrifying.
But as my Foolish colleague Bill Mann likes to say, "If it's in the headlines, it's in the stock price." Think about it -- do you know a single investor who's unaware of these horrifying headlines? Of course not. These fears have already been factored into stock prices -- and then some.
No comments:
Post a Comment