Warren Buffet says he pays no mind, no attention to rate cuts. He buys a stock because of fundamentals. He has trust issues when it comes to his money, his clients' money, so he seems to visit every Co that he invests in. His approach seems to work pretty well for him. For the rest of us, today's tweaking by the Fed is welcome and wanted.
Fed Teams With Central Banks on Credit
Sure, it would be nice to buy furniture stocks and kick back with a burger and milkshake in beautiful, peaceful Omaha. But even Mr. Buffet has said that if he had a much smaller ship to steer, he would take on a bit more risk and collect much more reward. Would he buy RIMM and AAPL? Probably not. Even with his friendship with Bill Gates, Buffet isn't much of a tech fan.
Maybe someone should get him a Wii for Christmas.
Apple is smokin' hot, up 3% to 194+. RIMM, sorta hot, up 1.5% to 99+. Hate to admit it, but RIMM is dead money until the big boys get back in. On the positive side, only eight more days until RIMM earnings is out.
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