BUFFETT POSITIVE ON STOCKS BUT SAYS MARKET CAN GO DOWN 50% – IS HE WRONG? $AAPL $AMD $AMZN $DIA $GDX $GLD $GOOG $INTC $MU $NVDA $QQQ $SLV $SPY $FB
Stock market investors are watching the coronavirus spreading far beyond China.
It is no longer mostly in Asia. Italy has reported six coronavirus deaths and an accelerating number of cases. At a time like this, it is nice to see Berkshire Hathaway’s BRK.B. Warren Buffett assuage investors. Buffett‘s advice — don’t buy or sell on the headlines — is especially applicable now.
There is a gem in Buffett’s annual letter, which was released over the weekend, that nobody is talking about. He writes: “Anything can happen to stock prices tomorrow. Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater.”… Please click here or the title below to read more.
February 25, 2020