Post #10621 by Goofyhoofy on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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I’m not surprised. When the market is going up people think it will go up. When the market is going down they think it will go down. The sentiment always lags reality, sometimes by weeks, occasionally by years.

I dare say the sentiment in 1999 was that the market would go up, in 2008 that the market would go up, and in 2001 and 2009 that the market would go down. Just a guess, since it’s Sunday morning and I’m too lazy to look anything up.

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