Market Review and Trends
Does Buffett know something we don’t?
By Patrick See  •  August 26, 2011

As you probably know, Warren Buffett gave BofA a $5 billion vote of confidence yesterday. That sent the US markets up north for a short while.

The other point to note is that the whole world is focus on Jackson Hole tonight.


·         There had been no capitulation in the past week

·         The VIX index is not at its high

And the puzzling factor is his announcement of BofA vote of confidence a day before the Jackson Hole event.

While the whole world is rebalancing their portfolio, he makes a big investment before the Jackson Hole event.

Does he know something we do not know?


We’ll find out tonight and watch how the markets will react the following week.

I thought the above is worth pondering.
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By Patrick See
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