Monday, September 15, 2008

Best Bets in a Falling US Market

Which stock are you going to buy in these bad times, if you happened to stay in the United States? Probably, nothing. But isn't that being foolish, being scared of the dips in the markets. Dips are good because they cleanse the system. The only problem, this time around, is that we don't know which sectors are well insulated. Automobiles are in the lurch and financial services, along with insurance and real estate, are to be avoided. That doesn't leave us much room. Pharma stocks are uncertain right now but they wouldn't be a bad bet in the long run.

Today, I would like to speak about a company that has never failed to amaze me. I am sure all of you have heard about it. We are talking about the great Warren Buffett's company, Berkshire Hathaway and about its Class A stock, which is awfully expensive to buy.

You can track the stock here at the AOL Finance website. The current market price is $120,400, so, if you had the money, you could make a purchase. The stock has taken a beating because of the broader market trends and I find it a pretty defensive stock in these market conditions.

(This post does not purport to give advice in the stock markets and constitutes the personal views of the author.)

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