RE:RE:RE:RE:BK unit nav in realtime @ approxx: $19.65Since you mentioned the word "herd"... let me just say that I am a contraian. I never follow the herd because the herd always goes over the cliff... always.
As an example, and I have many in my portfolio, I was buying nursing home stocks in 2020 during covid when every night there was news about seniors dying. It was sad to hear and while the politicians were busy shuttering businesses, I knew that LTC only works as a profit model. Politicians can barely get anything done in this country on their own. There is no way they can run it on their own.
At the moment, banks are still very much out of favour. But, the big 6 Canadian banks are too big to fail. Will there be some pain ahead? Of course, but like all downturns, the market recovers and always surpasses previous levels.
deisman03 wrote: fg, the comment on Berkshire was an example, if you want details????????
For many, likely even professionals, they don't question why Berkshire does something.
They just react. This was obvious with many of the talking heads.
Berkshire restructures regularly.
When several different actions happen, across the world, causing markets to fluctuate more than they normally do on a day to day basis, many panic or just follow the herd.
It all leads to some good buying opportunities.
If anyone can predict a bottom???????????, especially with the information available to most retail investors.