Warren Buffett says this is time to buy stock

A simple rule dictates Warren Buffet buying: Be fearful when others are greedy, and be greedy when others are fearful.He is looking ahead for 5 to 10 years. In short term stock market will be flat or negative but eventually it will over come. Only people who are investing for long term can make use of this time. More here: http://www.nytimes.com/2008/10/17/opinion/17buffett.html?em