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Buffett: Stocks Headed 'Much Higher' in Coming Years

In a one-on-one interview directly after Berkshire Hathaway Chairman and CEO Warren Buffett addressed thousands of shareholders at his annual meeting, the Oracle of Omaha, as he's called by his stockholders, told FOX Business that when the Federal Reserve stops or scales back its stimulative program of buying billions in Treasurys, "I don't know what the reaction will be but you can bet every single trader will react."  Buffett went on to say that despite that uncertainty, he would bet that stocks in years to come will go "much higher" than they are right now. On Friday, the Dow Jones Industrials hit 15,000 intraday, and closed up 142 points at 14,973.   The 82-year-old Buffett predicted that when the Fed eventually moves, that move would be "the shot heard 'round the world" but told FOX Business the U.S. dollar would remain the world's reserve currency. Even so, he told FBN, "I'm not making currency bets right now."The five-and-a-half hour meeting, held at the CenturyLink Arena in dow...

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