This move by Warren Buffet to invest $5 billion into Goldman Sachs is a total game-changer I think. It already caused a Japanese bank to announce an investment into Goldman.
I believe we see Wall St. rally tomorrow based on this news. This announcement by Buffet is huge. He's pulling a JP Morgan move and it's very smart and will certainly be welcomed and applauded by the Fed, Treasury, and the lawmakers in DC.
I would expect the Nikkei to rally and Wall St. to rally tomorrow which means volatility in the yen crosses and likely for the euro.
Tuesday, September 23, 2008
buffet updates
at 9:04 PM
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