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by: Fred Wilson posted on: October 07, 2008 | about stocks: The Treasury, the Fed, and Warren Buffett have been the only buyers in this meltdown and have been largely focused on financial companies. Meanwhile, the rest of the market has gone down 30% year to date and very few, if any, stocks have been spared. What do we look for next? Does the market just keep going down endlessly? What will bring this to an end? Clearly not government intervention. While possibly necessary (we'll see), the splurge has clearly not put an end to selling in the markets. We need to see more Warren Buffetts stepping up. And my bet is they will, eventually. They will be corporations buying back their own stock, large private equity and buyout firms doing going private transactions with all equity cap structures, and possibly foreign companies... [read full story]
