It's Thursday, July 12th.

Welcome to Market Foolery.

I'm Chris Hill.

Jo, I'm joining me in studio today for Motley Fool 1,

Jason Moser and Motley Fool Inside Value, Mr. Joe Meger.

Gentlemen, happy Thursday.

Hello again.

We have a big grocery chain that is having a horrible day, but we are going to start out in Sun Valley

Idaho, which is the big annual gathering of the mines.

Warren Buffett was out there, a lot of leading business thinkers and economists.

Buffett was on CMBC this morning, and I wanted to get your thoughts on some of the things he said guys because

we've talked before about how buffet is uh...

for lack of a better term.

Captain America he is kind of Captain America.

He's sort of the cheerleader for the U.S. economy.

And he just wasn't sounding all that optimistic, or certainly he was sounding more pessimistic

this morning than he sounded in a while he talked about how the US economy

has sort of just been bumping along a little bit the last few months. He talked about housing and how it looks like

it's relatively strong, but then he acknowledged we're working off of a low base, and Europe

is in his words starting to slip pretty fast.

Joe I'll just start with you.

What did you make of his comments this morning?

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