You know that the market is down when Warren Buffet begins to see opportunity around every corner. An announcement was made Thursday about Berkshire Hathaway’s purchase of a very large stake in Kraft Foods, making it the largest shareholder of the maker of many consumer staple food products.

The Kraft purchase is only one of the many recent Buffet acquisitions which have also included Burlington Northern, Trane and  GlaxoSmithKline. Buffet is also increasing his stakes in many other name brand companies.

I’m sure that when we are on a path to recovery from this downturn, Warren Buffet’s cheap purchases today will begin a steady climb in value into the future.

[tags]warren buffet, berkshire hathaway, shaun carter, investing, stock market, burlington northern, trane, glaxosmithkline, kraft[/tags]