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I think his decision may be related to his favorite economic indicator: freight transportation. In an interview with ABC, Buffet said that the Freight Transpor
by Perceval 17y ago
I think his decision may be related to his favorite economic indicator: freight transportation. In an interview with ABC, Buffet said that the Freight Transportation Service Index was one of his top indicators of how the economy was doing: http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=14408432&ch=4226716&src=news http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&...
Here is the TSI-Freight and -Passenger: http://www.bts.gov/xml/tsi/src/index.xml http://www.bts.gov/xml/tsi/src/index.xml
Watching the flow of raw materials and manufactures around the country is probably a better indicator of economic health than looking at the speculators pump up the Dow.