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09:50PM (15 mins delay)
Nov 06, 2009 - 6:03 AM EST
Brian Kelly submits:Just when it looked like the prophecies of Nostradamus may be coming true, a white knight, in the form of Warren Buffet, strode in and saved the day. Buffet’s buy of Burlington Northern (BNI) turned the US equities markets from ugly duckling to suave Prince.
The purchase was hailed by the Oracle himself as a “bet on America”. We see it a little bit differently…it is a bet on Asia/China.
Source: Seeking Alpha (Nov 06, 2009 - 6:03 AM EST)
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