Just one set of good data...

Just one set of good data from the USA on housing and the markets all went up.  How the hell do these big investors decide, based on one set of figures?  These people must believe that one sparrow means summer is here.  Actually, you only need one to believe, and the whole lot of them will follow.  But who is leader?  Certainly not Warren Buffett.  He does not trade and only buys when it is good value in a business he understands.  However, he is of a different class.  We buy a share in a company; he buys THE management of the company.

I am still on the sideline with very, very low buy bids trying to angle for desperados.  All the financial problems of the world have not gone away.  For Australia, more are coming...