Thursday, 19 February 2009

Could Warren Buffet turn into a long-term seller?

Even smart money is not looking so clever in the current market.
There was an interesting post this morning at SeekingAlpha about the recent under-performance of Warren Buffet's Berkshire Hathaway. The chart shows that so far in 2009 Buffet is down more than 17% and, perhaps more ominously, more than four percent below the level of the S&P 500.
Is it conceivable that Buffet could turn into a major seller if stocks break below the critical levels that they have reached.

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