RE:RE:RE:Goodbye to common shares, see you after recessions. Buffett is not out of stocks completely, he rebalanced since his Apple stake ballooned. It's still his biggest holding. Normal and healthy. Had he sold out completely, different story. Monday's event was an over-reaction to a slow down, which the FED is winning on. Today's labour market data is comforting news of that.
I'm not in love with this market either, I've always said the second half would be more volatile than the first. There are cracks, there's uncertainty, but it's not 2008, dot com, or 1987. A correction of 10% is healthy, which the Nasdaq is already in and the S&P touched on Monday. We can selloff a bit more but I don't see a +20% or more selloff in the Dow or S&P in the next year.
mouserman wrote: So this current Black Monday selloff compares to those events in history... do they not?
Buffet selling banks and APPLE for hundeds of billions ..??? Owns more US treasuries than the FED? What do they know that we dont. How to become billionaires .. maybe.
I like to follow the money.