Salient to Investors:
Author Jeff Matthews said Buffett is elephant hunting when there aren’t a lot of elephants.
Bloomberg survey shows the average estimate of Wall Street brokerages is for the S&P 500 to end 2012 little changed from its close on Nov. 2.
David Kostin at Goldman Sachs said stocks may end 2012 lower because resolution of the fiscal cliff may be messy – equities could sell off if it that it looks like another deadlock.
Read the full article at http://www.bloomberg.com/news/2012-11-05/berkshire-s-cash-nears-record-as-buffett-extends-elephant-hunt.html