No. of Recommendations: 12
Many are speculating as to when Berkshire Hathaway will begin buying U.S. securities again. With many indices already well off their highs, many are looking to Buffett as a signal to start buying. While trillions have been wiped off the stock market so far this year, if Buffett begins buying again
Hard-de-har and a ho ho ho.
“Many indices are well off their highs.” That’s a good one. Here’s what Google’s AI says:
Yes, it appears the market is currently overvalued, according to some valuation indicators. Specifically, the average of four valuation indicators is above 2 standard deviations from its historical mean, signaling an overvalued market. Furthermore, the Buffett Indicator suggests the market is significantly overvalued.
I expect Warren will open the pocketbook for a few opportunistic buys should they appear, perhaps a whole company somewhere that’s about to go through a stress test it can’t handle, but otherwise, “off their highs.” This guy kills me.