Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, May 05, 2006

When Mr. Buffett talks...

The Berkshire Hathaway annual meeting is coming up, and the word is that Mr. Buffett is poised for a big announcement. He's been sitting on a large amount of cash and now appears ready to buy. This was enough to send markets into the stratosphere! The Dow picked up more than 1% on the day, while NASDAQ gained in the 3/4% range. Oh, yeah, and oil dipped a bit, but who's really paying attention to that? Stay tuned for the BRK purchase announcement! Dow +138.88 NASDAQ +18.67 S&P 500 +13.51