Warren Buffett's Berkshire Hathaway had been having a tough year.
In late July, we reported that Berkshire shares had fallen deep into "bear market" territory, with a 25 percent plunge from their all-time high set last December.
To add insult to injury, Berkshire was severely underperforming the S&P 500 index for the year: down 21.0 percent to the benchmark's drop of almost 16 percent.
That doesn't happen too often. When Berkshire's stock ended 2007 with a gain of almost 29 percent, Warren Buffett Watch featured a chart showing that Buffett's stock had beaten the S&P in 23 calendar years out of the past 31.
Berkshire fell to a new-term closing low of $111,750 on July 29, one day after the WBW post headlined Berkshire's 25% Plunge Has Buffett Bulls Screaming 'Buy.'
Looks like they may be proven right.