If you are wondering what to do with your retirement accounts, or perhaps chastising yourself for listening to that yahoo financial adviser who put you into an aggressive small cap growth fund two years ago... fear not. Warren Buffett, opining in today's NYT, thinks it's time to get back into the stock market. I won't bore you with charts, but suffice it to say that hedge funds are blowing up, the economy is recessing, too many houses have been built, federal budget deficits are profligate and there's no end in sight.
Blood in the streets. I had a similar sentiment last Wednesday and have begun putting cash back to work that had been sitting idle since last November. If it's good enough for the Oracle of Omaha, who is 30 years my senior, then it's good enough for me.
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