Do bear in mind the context of that Buffett quote is to not blindly chase market sentiment and the numbers, neither directly nor inversely; Berkshire Hathaway's got quite the pile of cash right now.
I have a feeling Warren Buffet would accept that label, with a chuckle and a smirk!
But I also think Buffet wouldn't characterize the current environment as particularly fearful. We haven't seen a whole lot of panic aside from a couple 1-2% daily swings, which is nothing.