Warren Buffett Watch
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- 'Buffett Rule' Introduced in Senate But Passage Unlikely Amid GOP Opposition
- Warren Buffett Matching Illinois Teen's $300 Deficit Donation
- Warren Buffett Defends His Secretary From 'Ridiculous' Attacks
- Does Warren Buffett's Secretary Really Make Over $200,000?
- Warren Buffett's Secretary 'Excited' About State of the Union Role
- Warren Buffett Offers Millions in Deficit Donations, If ...
- Warren Buffett Sings and Plays Ukulele for Chinese New Year
- Warren Buffett Partied With Jay-Z Last Night
- 'Impressed' and 'Delighted' Warren Buffett Matches GOP Rep's Deficit Donations
RSS FEED
MOST SHARED
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- Confusing Chinese Data Signal Bearish Trend
- Will Romney Regret Opposing Michigan Auto Bailout?
- Stocks Seen Lower; Greek Debt Hurdles Remain
- Global Markets Update: European Markets Follow Asia Lower
- EU Agrees Rules for $700 Trillion Derivatives Market
- Jobs You Can Do Forever
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- Tesla Unveils First SUV: Model X
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- Stocks Looking Past Europe for a New Driver of the Rally
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- Criminal Probe Trail Going Cold at MF Global
- Greeks on Strike as the Second Bailout Is in Limbo
- EU Agrees Rules for $700 Trillion Derivatives Market
- The World's Best Beers
- Citigroup Takes $50 Million Loss in Lending Rate Probe
- Barclays Warns May Miss Medium-Term Profit Goal
Warren Buffett to CNBC: Invest in Stocks Even At Dow 9000
Text Size 
Executive Producer
 |
Warren Buffett tells CNBC the economy still isn't showing any signs of life but that doesn't mean investors should stay away from stocks for the long-term.
In a live interview on Squawk Box this morning, Buffett says "business is still flat." But he stresses that doesn't mean he's negative on stocks, predicting the market will revive before the economy does.
"The market is very, very likely to turn up before business. But I don't try and time stocks. I try to price stocks."
He repeats his advice from his "Buy American" op-ed in The New York Times last fall: don't wait to buy stocks until the economy improves. By then, he says, you will have missed the biggest stock gains.
Even with the Dow hitting highs for the year around 9000, Buffett repeats his belief that stocks will outperform cash investments, such as Treasury notes, over the long-term. "I would much rather own equities at 9000 on the Dow than have a long investment in government bonds or a continuously rolling investment in short-term money."
As usual, he points out he is not making any predictions about what the stock market will do in the next coming weeks or months.
 |
Buffett repeats his belief there are "real inflationary possibilities" down the road, due to the massive stimulus being applied to the struggling economy. But he also repeats his view the stimulus is necessary despite the after-effects, because helping the economy recover should be the nation's top priority.
Buffett again endorses Ben Bernanke as Federal Reserve chairman, saying "I don't think you could have anybody better than Bernanke in the job. He understands all the issues."
Buffett's bearish comments today on the economy echo what he's been saying in recent weeks. Earlier this month, Buffett told us consumer sales remained "very, very soft" and about a month ago he said in a live interview on CNBC that he was seeing no "green shoots" on the economy.
Buffett declines to comment on Berkshire Hathaway's recent move to sell about 17 percent of its stake in the credit-rating agency Moody's [MCO
Loading...
()
].
Buffett's live interview was designed to promote a new online animated series called Secret Millionaire's Club in which he voices a cartoon version of himself who helps teach kids about finance and investing.
Current Berkshire stock prices:
Class A: [US;BRK.A
Loading...
()
]
Class B: [US;BRK.B
Loading...
()
]
For more Buffett Watch updates follow alexcrippen on Twitter.
Email comments to
- Warren Buffett to Get 'Animated' In Live CNBC Squawk Box Interview (July 24)
- Warren Buffett Cuts Stake in Moody's By Almost 17% (July 22)
- Berkshire Hathaway Rallies 6% For Best Week Since March Lows (July 17)
- Warren Buffett Was Mystery Bidder for Bermuda-Based Reinsurer - Bloomberg (July 16)
- Warren Buffett's Berkshire Hathaway Retreats from "Risky Business" - WSJ (July 13)
- Berkshire Hathaway's "Price Is Right" Raves Barron's (July 13)
- Warren Buffett's Top Three Investment Rules for the Average American (July 10)
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video (July 9)
Data is a real-time snapshot *Data is delayed at least 15 minutes
