RE:RE:BK unit nav in realtime @ approxx: $19.65Regarding Berkshire, let's put it into perspective because without the details your comment has an ominous tone.
Berkshire's Apple stake grew to an enormous pile. It's turned out to be an excellent bet Buffet made a few years ago and illustrates why he is the greatest trader alive and maybe ever. Every seasoned investor knows that the best portfolios require routine maintenance by trimming and rebalancing.
Despite the sale, Apple still remains Berkshire's biggest holding. That is an enormous vote of confidence re the consumer and the economy. The cash pile from the sale is currently sitting in T-Bills collecting a juicy sum. I'm no Buffet but I would do the same for the interim. With cuts coming it won't be long before those funds are soon deployed again. And, as always with Buffet, we will only hear about it after the fact once his buys are made at lower levels.
deisman03 wrote: Trying to make any sense out of what's happening during a panic situation, using funamentals is off the table IMHO.
Now for anyone interested is the time to "speculate" on the emotional and manipulated momentum being fanned to a roaring blaze, by people with far different interests than most on this thread.
It's that time of year for such things to happen, multiplied by the reluctance of the US FED to cut interest rates.
It didn't help matters when Berkshire Hathaway dumped many billions of dollars in investments all across the board, some of which are their cornerstone holdings.
When all of this happens at once, market jitters are to be expected.
Especially when market valuations are running at record highs.
That's usually when corrections happen, without the other catalysts.
I don't know what's happening one way or the other but I sold everthing at $11.18, didn't take the distribution, but bought back the same amount sold this morning at $10.70.
There's a very good chance I will lose money on those units, but "market flare ups" happen, and this appears to have all the earmarks of a "flare up"
Day traders have been running wild for the last week. They love this sort of volatility.
There have been relatively few big trades, over 5k units. Most of the trades are 100-500 per trade.
That's not a waterfall event. It's daytraders running with the bit in their teeth.
GLTA the good folks here