Warren Buffett has been buying here
Fari Hamzei
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."
from http://www.nytimes.com/2008/10/17/opinion/17buffett.html
China is closed right now. This news will get more exposure over the weekend. Stay LONG !!!!
We like DDM, MOS, KBR, JPM, GS, MS, GE, DD, HIG, HPQ, QQQQ and SPY here.
Reg FD: We have established, for some of our affiliates (family and friends), long positions in the above names in the last two weeks for a long term hold (with no use of margin or leverage).