Buy Low, Sell High

Warren Buffet gets it. He says:

"I’ve been buying American stocks. ... Why? A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."

It's like what I've been telling friends - that anyone with any cash available to do so should jump on this weak market now, before confidence returns and prices are restored to previous levels. Warren says this too:

"Let me be clear on one point: I can’t predict the short-term movements of the stock market. ... What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over."

http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=2&th&emc=th&oref=slogin&oref=slogin