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Monday, March 1, 2010

Buffett bullish on housing


He mentioned housing on CNBC this morning, and in his shareholder letter where he said this:

"within a year or so residential housing problems should largely be behind us"

I guess he didn't get the Meredith Whitney memo that said home prices would fall another 25%! Another FAIL prediction by Meredith!

On CNBC today, Buffett also said the economic "Pearl Harbor" was over.

And the Greece bailout also looks on track.

Oh my! The bears will have some 'splaining to do this morning!

1 comment :

Anonymous said...

you forgot that Buffet's $125 investment in GS dwindled to $65 at the market lows and who knows could have gone to that number that represents nothing. So he is not a genius by a long shot.