Warren's Words Of Wisdom
During a discussion of Goldman Sachs and GE the prospect of Buffett doing another deal came up. Although he didn't answer directly the Chairwoman gets the sense that “he’s got another deal to do." But Buffett isn't one to slip at the tongue. "I don’t know what it is,” she adds.
In terms of the bailout, there’s a lot of nervousness in general, she adds. Buffett talked about the need for a bailout and his confidence that something would be passed very soon. Finerman asked if Buffett might manage the plan, but he didn’t answer.
"He does have such credibility that I think that in itself would be helpful,” she says. “He’s also a big believer in the US economy but feels we’re in for a slowdown in the short-term,” she says.
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Trader disclosure: On Oct.2, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (UUP), (MSFT), (WMT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (MER), (MS); Seygem Asset Management Owns (FXI); Pete Najarian Owns (AAPL) And (AAPL) Puts; Pete Najarian Owns (GS) Call Spread; Pete Najarian Owns (MS) And (MS) Put Spread; Pete Najarian Owns (NCC) Call Spread; Pete Najarian Owns (RF) And Is Short (RF) Calls; Pete Najarian Owns (SPLS) Put Spread; Pete Najarian Owns (WB) Call Spread; Pete Najarian Owns (XLF) Call Spread; Finerman's Firm Owns (MSFT), (PM), (GS)
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