money . u Talk i Talk . com

Negative news-flow is clearly sweeping across the corporate world:
- The latest issue of The Edge carries a unnerving report on the shipping industry, eg ship-ownershaving no qualms about forfeiting deposits to walk away from contracts awarded to shipyards,
coinciding with ill-timed capacity expansion of many ship-yards.
- Freeport, the world's largest publicly traded copper producer, said quarterly profit fell by a third and would curtail planned mine expansions because of weaker metals prices and current economic conditions.
- Silicon Valley slashing jobs in anticipation of the impact of the financial crisis.

But this is exactly what prompted Warren Buffet to declare “Buy American; I am ..... if prices keep looking attractive, my non-Berkshire net worth will soon be 100% US equities”.

You should of course remember that Warren Buffet, who has no gearing, is known for taking a long-term view of things: 5, 10, 20 year.