Subject: Re: Tariff reaction tomorrow?
I can't believe having to post these on the BRK board.
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It is very easy to make fun of people when they post their honest opinions. Your opinion seems to be, based on the quotes, there will be no correction or the market will go up a lot before a correction so the gains will not be wiped out. Is that your position? Do you have a position?

I don't know, no need to be that harsh on the comments. I took them to be a sensible reminder of the important observation that it is almost never a good idea to sell equities because there is something in the headlines that is concerning. There is *always* something concerning, but even the very worst things rarely show up directly in stock prices. The September 11 attacks closed the market for several trading days, but if you splice the price history together and remove the dates most people can't spot the date.

That being said, there is nothing irrational about selling something you own which is plainly overpriced based on your own analysis. It may or may not be the optimal thing to do depending on taxes, other opportunities, or your own saving/dissaving cycle--but in general it's a rational thing to do. Another quote: When Mr Market is offering you a crazy price for something, it's good to at least consider the offer before turning it down.

If the overpricing happens at the time as some concerning headlines, I'd focus on the prices, not the headlines.

Jim