Buffett: Economy Has Leveled Off -- and I'm Buying Stocks

Warren Buffett has made several public appearances in the past day or two, including this one on CNBC in which he says that the economy has leveled out, but isn’t yet showing improvement.

“We have not bounced, but we’ve quit going down. … We are on the mend,” Buffett said, citing what he called dramatic changes in housing activity and prices, particularly in the mid- and lower-range categories. “We’re seeing some stability,” he said of the housing situation. Buffett also discusses his favorite metrics for measuring the economy, the plan for healthcare reform, and whether or not he sees a double-dip recession in the U.S.’s future.

In another interview, this one with Fortune, Buffett also says he’s currently buying stocks. “I’ve got orders in on two stocks today,” he says. “We’ll probably buy somewhere between $50 million and $100 million worth of those stocks today.” Buffett declined to say which two stocks he was referencing. (Thanks to ValueInvestingPro for posting both videos.)

Send a Comment

Your email address will not be published. Required fields are marked *