Buffet's purchase of $5Bil of BAC a day after he visited the President isn't a validation that the economy is stabilizing or that B of A is a good buy. It was a set-up. Buffet got 6+% guaranteed when the best anyone else can get is 1%. - and got a guaranteed price for 700,000 additional shares of B of A for the next ten years at just over $7 if he wants them. They go up a couple bucks and he's made ANOTHER billion. The market is still going to tank. Doesn't anyone 'get' that he just got paid a billion dollars to put on a show? WTF!
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