Stock Market Now give us a chance to use Mr. Buffett quote "Be fearful when others are greedy and greedy when others are fearful."???

Hi,
Friday stock market closed with DOW 12,606.30 -246.79, NASDAQ 2,439.94 -48.58 and S&P500 1,401.02 -19.31. One great fall in one day. Berkshire Hathaway stock price was 132,100.00 -2,100.00 after Friday stock market closed. Berkshire has also fallen a 12.9% from it 52 week high of 151,650.00.Since Barron's reports on "Sorry, Warren, Your Stock's Too Pricey". Reports said that, Mr. warren Buffett's company Berkshire Hathaway share price maybe over valued.

Stock Market had been falling this week due to some bad news, this remind me of Mr. Buffett quote: "Be fearful when others are greedy and greedy when others are fearful."

Mr. Warren Buffett has also made some move this week. Berkshire Hathaway had filed a SEC report reveals purchases of Burlington Northern Santa Fe from Monday 7 Jan 2008. My pervious posted Berkshire Hathaway Increase Stake Of Burlington Northern Santa Fe has CNBC's Buffett Watch news on Mr. Buffett buying Burlington Northern Santa Fe.

Due to drop of prices in a lot of stocks everybody is looking for bargain. My question here, is it the real time to buy? What should people buy? Mr. Buffett quote let us enjoys some of the bargain here, but with so much uncertainty now. Please give some thought before you move. Ask yourself are you a long-term investor or a trader? Are you investing or speculating?
Business Week Report Business Events for the Coming Week some of the Major business events and economic events scheduled for the coming week. Take a look to know what event is coming.