"Be Fearful When Others Are Greedy And Greedy When Others Are Fearful."

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Stock market closes higher after Thursday trading. DOW at 12,853.09 increases 117.78, NASDAQ closed at 2,488.52 up 13.97 and S&P 1,420.33 up 11.20 points. Federal Reserve Chairman Ben Bernanke said that U.S. central bank is ready to cut interest rates aggressively to support growth. Report by Reuters in Bernanke signals bold Fed action to lift growth.

Recession fear increase as report from Reuters FACTBOX: U.S. recession risks rising indicate that GOLDMAN SACHS, J.P. MORGAN, MERRILL LYNCH, and MORGAN STANLEY has report that the recession risk increasing.

"Be fearful when others are greedy and greedy when others are fearful." one of Mr. Warren Buffett famous quote. In August 2007 CNBC's Report Buffett to CNBC: Market Chaos Will Probably Create Opportunities and Warren Buffett Sees Potential for Opportunities: The Complete CNBC Exclusive Interview.

Mr. Buffett has bought some of the company like American Express Co, The Wells Fargo Company and GEICO Auto Insurance during their trouble time. During their trouble time the stocks of these company are cheap and Mr. Buffett really get himself a great deal.

Related story: The time to buy stocks is now - Buffett. The quote is a great quote and it requires some thought before you act. Think well and don't act without serious thought.