Read on Yahoo Financial news that Warren Buffett has said that businesses in Berkshire Hathaway are all doing well and hiring more people and that there is no double dip recession.
This is in contrast to the naysayers who are predicting an even more protracted bear coming. Like Nouriel Roubini.
This has led to more and more funds being pushed to the supposedly safer bonds and has helped to push the yields of the bonds down to ridiculously low levels. Think I rather have cash on hand than to put it in bonds at the current levels.
Else, why not take a chance on the equity markets and buy stocks of good companies on the cheap?
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September 14, 2010 at 7:05 PM
Yeah, I still prefer stocks to bonds, even if Buffett hadn't mentioned anything. Haha!
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