DOW down 60 FTSE down 33
Same ole same ole - Yen - subprime mortgages - New Century delisted etc... also another subprime lender - Accredited - is down 50%. Market internals are fairly flat which is seen as a victory for the bulls. Goldman Sachs stated record profits - 36% above estimates but DOW lower for first time in 4 sessions nevertheless. Texas Instruments disappointed some people apparently - retail figures were not good and Viacom is suing Google and Youtube
Warren Buffett says you need to be in it for the long term (no surprise there) he doesn't worry about what the markets will be doing in 1 week, 1 month or 1 year and he implied that he's been buying during this sell-off. He also said to avoid 'funds of funds' because of the ridiculous rip-off fees!
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