Warren Buffett To Invest Five Billion In Goldman Sachs

Betting on a brighter future for financial institutions on Wall Street, Warren Buffett, CEO Berkshire Hathaway has announced his plans to invest five billion dollars into prefferred and common stock of Goldman Sachs.  The Bulls will rally around this news for sure today, but will it last?  I think that depends on what happens with the bailout plans being negotiated in congress.  Our markets are very emotional, and the gains created by Buffett’s motions could be swept away tomorrow if news on Capitol Hill becomes grim.  Nevertheless, this move by one of the World’s most prudent investors is positive news for Wall Street, and our economy.

http://www.reuters.com/article/topNews/idUSTRE48N2AJ20080924?feedType=RSS&feedName=topNews

Tags: bailout plan, berkshire hathaway, goldman sachs, good economic news, Positive Economic News, wall street, warren buffett