BI: Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now AONE, TNR.v, CZX.v, RM.v, TSLA, LIT, LIT.v, WLC.v, CLQ.v, SQM, FMC, ROC, AVL.to, RES.v, F, GM, BYDDY, NSANY

 Interesting - to have Mr Warren Buffett on our side of the trade is an honor.

  "One of the major catalyst which can trigger redistribution of liquidity is on the chart above. We have a Sell signal in long term Treasuries. Maybe, our Treasuries Bubble is really ready to pop this time. Bear market, upcoming crash and Deflation are so much advertised now that it is time to take a contrarian approach again and take the side of the FED."

...and he is investing in Electric cars...

BI:


Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now

Joe Weisenthal

Warren Buffett has never been too pessimistic on the economy, though he's never been one to see consensus on the way up.

Throughout 2009, as the media saw more and more green shoots, the word out of Berkshire Hathaway was one of skepticism.

This year his tone has mostly been one of caution.

And now that the media is obsessed with the double-dip scenario? Warren's suddenly bullish.

Bloomberg:

“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”

...

“I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”

Buffett of course is extremely diversified, from finance, to housing, to rail (we noted last week that he's probably up $14 billion already on his Burlington Norther bet), so there's really no slice of the economy he can't see firsthand.

If he thinks the real economy isn't matching the gloomy rhetoric, that's to be taken seriously."

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Warren Buffet, China, Batteries and Electric Cars - sounds interesting. FXI, OIH, OIL, HUI, XAU, TNR.v, WLC.v

Saturday, 27 Sep 2008
Warren Buffett Invests In Chinese Company Developing 'Green' Cars
Posted By: Alex Crippen
Topics:Automobile Industry Energy Alternative Energy Warren Buffett
Sectors:Automobiles and Parts
Companies:Constellation Energy Group Inc Berkshire Hathaway Inc.
A subsidiary of Warren Buffett's Berkshire Hathaway is making a $230 million investment in a Chinese battery company that's developing environmentally-friendly cars to be sold around the world.
In a news release, Berkshire's MidAmerican Energy Holdings says it has agreed to buy a 10 percent stake in BYD Company Limited, which trades on Hong Kong's stock exchange.
BYD chairman Wang Chuanfu is quoted in the release as saying, "We are extremely pleased and grateful that Berkshire Hathaway and MidAmerican will be our long-term investor and partner, as we bring our electric vehicles and other environmental protection measures to the global space."
As is the custom in this sort of announcement, Buffett returns the compliment. "We are thrilled to be partners with BYD and the people of China. Mr. Wang Chuanfu has an extraordinary managerial record, and we welcome the opportunity to work with him."
MidAmerican Chairman David Sokol calls BYD's technologies "an integral part of the future."
Reuters says BYD is working on electric-hybrid cars that it plans to sell in China starting later this year, and in Europe by 2010.

"BYD's electric cars are expected in Israel and Europe by 2010. The firm has said the cars could travel 300 km (190 miles) on a single charge. A full charge needs nine hours using its lithium-ion batteries, although they could be charged to 80 percent capacity in 15 minutes. ($1=7.773 Hong Kong Dollar) (Editing by Lincoln Feast)"

BYD's realtively low share price may have been part of Buffett's buying decision. Reuters says the company's shared closed at HK$8.40 on Friday, less than half of its October high of HK$20.45.
While this is a relatively small deal, it continues Berkshire's recent trend of putting money into technologies meant to reduce the world's reliance on oil as an energy-source. Late last week, MidAmerican picked up Constellation Energy
for the "bargain" price of $4.7 billion, after its stock had been beaten down. Constellation has several nuclear power plants in the U.S. and has plans for more.

Buffet is Buying Equities, Dow has retested Low and is forming Double Bottom Reversal.

Coming election is a too big stake not to use all available resources: people's memory is very short - couple of weeks maintained rally and they will be happy again. Is it right? I do not know, but they will give it a try. Buy value, real assets. Equities buying will pop up the Treasury Bubble, "safe heaven" currency US Dollar will go down, all hard assets will be up.

Now I am in a good company:

" Warren Buffett Says Now Is the Right Time to Buy U.S. Equities

Oct. 17 (Bloomberg) -- Warren Buffett said he's buying U.S. stocks and, if prices stay attractive, his personal investments, as distinct from his stake in Berkshire Hathaway Inc., will soon be wholly in American equities.
Writing in the New York Times, he said he's following the principle: be fearful when others are greedy, and greedy when others are fearful.
Exaggerated concern about the long-term prosperity of the many sound U.S. companies is foolish, and most will probably be setting profit records in years to come, Buffett said.
While short-term stock-market movements can't be foretold, the likelihood is that the market will recover before the economy or general investor sentiment do so, and ``if you wait for the robins, spring will be over,'' he said.
Referring to the 1930s depression, Buffett pointed out that the Dow reached its nadir on July 8, 1932; economic conditions continued to deteriorate until Franklin Roosevelt became president in March, 1933, but by that time the market had climbed 30 percent.
Bad news, Buffett concluded, is an investor's best friend, for it enables you to buy ``a slice of America's future at a marked-down price.''