Warren Buffett Leads With a Bold "Buy" Call .. But Is Anyone Following?
In the second hour of Power Lunch, Fortune'sLeigh Gallagher emphasized that Buffett isn't calling a bottom, but she agrees that stocks are cheap now and investors should be cautious about pulling their money out of stocks.
Dennis Kneale, by the way, does think Buffett meant to call a bottom by going so public in the Times.
FAST MONEY'S TAKE
The Fast Money traders and Veracruz LLC Founder Steven Cortes put in their two cents. Cortes says he "couldn't agree more" with Buffett that chaos brings both pain and a "historic" opportunity. He and the Traders list some specific names they like.
Today's Fast Money Reader Poll asks if Buffett's decision to buy stock in American companies makes you more interested in them. As of mid-evening and 1716 responses, 68 percent said, "Yes, it's like giving them a seal of approval." Thirty-two percent went with, "No, Buffett only ever does what's best for Buffett."
Current Berkshire stock prices:
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