Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Warren Buffett and Berkshire are UNLOADING huge amounts of stock and going for cash. He's dumping huge quantities of everything from Apple to Bank of America.

How to tell people Buffett is worried about the economy without telling anyone that he is worried about the economy.

He also bought oil and gas stock, which would be a dumb move if you thought the economy was about to collapse.

No, it’s a flight to safety during a recession. He may also be betting on Israel starting all out war in the ME. Oil prices skyrocketed under the Carter administration while there was stagflation/recession.

LOL, no, never has been. IN a recession you buy gold and staples type equities. Recession means the economy is slowing down which means less demand for oil and gas. This is basic.

Anonymous wrote:

Anonymous wrote:

It’s more about the reasons it is declining than the amount. Recession fears are gripping the globe.

From your lips to God's ears
- Trump

Anonymous wrote:

It’s more about the reasons it is declining than the amount. Recession fears are gripping the globe.

Anonymous wrote:

Anonymous wrote:Warren Buffett and Berkshire are UNLOADING huge amounts of stock and going for cash. He's dumping huge quantities of everything from Apple to Bank of America.

How to tell people Buffett is worried about the economy without telling anyone that he is worried about the economy.

He also bought oil and gas stock, which would be a dumb move if you thought the economy was about to collapse.

No, it’s a flight to safety during a recession. He may also be betting on Israel starting all out war in the ME. Oil prices skyrocketed under the Carter administration while there was stagflation/recession.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Percentage drop is much more relevant than points drop. 1000 points when the DOW is pushing 40,000 is a much smaller drop than 1000 when it was hovering around 20,000.

Presidents aren't responsible for the DOW? Or are they if their name is Trump?

Trump’s rules. Part One: take credit for market gains while President, point fingers for market losses. Part Two: take credit for market gains while Biden’s President (market supposedly building in Trump’s win) and/or discount the importance of the stock market as an indicator, point fingers when it drops.

You can go through news/quote history to validate.

Anonymous wrote:Warren Buffett and Berkshire are UNLOADING huge amounts of stock and going for cash. He's dumping huge quantities of everything from Apple to Bank of America.

How to tell people Buffett is worried about the economy without telling anyone that he is worried about the economy.

He also bought oil and gas stock, which would be a dumb move if you thought the economy was about to collapse.

Anonymous wrote:

Anonymous wrote:

Percentage drop is much more relevant than points drop. 1000 points when the DOW is pushing 40,000 is a much smaller drop than 1000 when it was hovering around 20,000.

Presidents aren't responsible for the DOW? Or are they if their name is Trump?

Anonymous wrote:

Percentage drop is much more relevant than points drop. 1000 points when the DOW is pushing 40,000 is a much smaller drop than 1000 when it was hovering around 20,000.

Anonymous wrote:https://www.nytimes.com/2024/08/05/business/stock-market-advice.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

Is anyone actually selling today. I’m buying.

I bought some Etherium this morning, it's up a bunch since.

https://www.nytimes.com/2024/08/05/business/stock-market-advice.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

Is anyone actually selling today. I’m buying.

Anonymous wrote:This is not about Joe or Kamala. It's about the heated yen value and yen carry trade.

https://247wallst.com/technology-3/2024/08/05/why-japans-carry-trade-is-causing-a-global-stock-meltdown/

The next person to say "yabut Kamala" is officially an incompetent idiot thoroughly unqualified to post about economic issues.

It's a combination. The carry over trade is part of it, but Asia meltdown was driven in part also by global fears of a US economy slowdown and recession. The jobs numbers last week have sent a shiver down the spine of the world.

This is not about Joe or Kamala. It's about the heated yen value and yen carry trade.

https://247wallst.com/technology-3/2024/08/05/why-japans-carry-trade-is-causing-a-global-stock-meltdown/

The next person to say "yabut Kamala" is officially an incompetent idiot thoroughly unqualified to post about economic issues.

Anonymous wrote:

Anonymous wrote:No it’s not August 2001. It isn’t even as much of a correction as when Covid hit. It will be back.

As any rational person understands.

Won’t stop the MAGAs from hysterics though.

Glad to hear that only MAGAs need to be concerned.

Anonymous wrote:Warren Buffett and Berkshire are UNLOADING huge amounts of stock and going for cash. He's dumping huge quantities of everything from Apple to Bank of America.

How to tell people Buffett is worried about the economy without telling anyone that he is worried about the economy.

He doesn't seem to be too worried about inflation if he's adding to his $270B+ cash pile.