Originally posted by scooterscot
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stock market crash
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Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last. -
Originally posted by Zigenare View PostSo it costs you money to keep your money safe, who'd have thought that?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostOld Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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He's been dumping shares while ATW has been lapping them up. How do you come storming out of a recession? You have cash to buy up the rekt.
Warren Buffett's Berkshire Hathaway has racked up a record $122 billion in cash
Buffett, the billionaire investing guru nicknamed the "Oracle of Omaha," wasn't tempted by US stocks that surged to all-time highs in late June. Instead, his conglomerate sold $1 billion more of stock than it bought last quarter, marking its largest net sale since the end of 2017, according to Bloomberg. It also bought back $400 million worth of shares, down from $1.7 billion in the first quarter.
Berkshire Hathaway's cash pile has also swelled in the years-long absence of a major acquisition."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostHe's been dumping shares while ATW has been lapping them up. How do you come storming out of a recession? You have cash to buy up the rekt.
Warren Buffett's Berkshire Hathaway has racked up a record $122 billion in cashOld Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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Feck me - look at the margin debt people... never thought these levels were even possible let alone be reached.
50% is given, 70% correction to the stock market now very probable.
Timing? Hell... I'll give it 90 days.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostFeck me - look at the margin debt people... never thought these levels were even possible let alone be reached.
50% is given, 70% correction to the stock market now very probable.
Timing? Hell... I'll give it 90 days.
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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Compared to the red, the blue lines really are speed bumps."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Trump will want to keep the market inflated until after Nov 2020 but, even if the Fed makes further rate cuts, I'm not sure time is on his side.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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