Buffett Ready To Make "Major Acquisitions" (BRK-A, BRK-B)

It must be nice to singlehandedly have the ability to influence the financial markets. Warren Buffett released his annual letter on Saturday and was filled with optimism about the future of America. Buffett commented that America is still full of potential and cited that there was plenty of opportunity yet to be tapped. The billionaire investor also says that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Buffett's holding firm, has $38 billion in cash and is ready to make "major acquisitions". Buffett has undoubtedly affected the markets through his opinions and declarations in the past. In 2008, Buffett announced that he was buying up American stocks. The S&P 500 was boosted the following week, although it did plummet another 300 points thereafter.Best way to handle this piece of news? This may have short-term upward pressure on U.S. stock prices which could present profitable opportunities. However, with rising oil prices causing concern across the country as people are paying higher prices at the gas pump, perhaps Buffett's timing is off and now is not the critical turning point he seems to imply.