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> There's nothing magical about a "quarter". There isn't. But everyone knows the US stock market is about run off a cliff. Or rather, it already has. Everyone
by SlinkyOnStairs 7mo ago
> There's nothing magical about a "quarter".
There isn't. But everyone knows the US stock market is about run off a cliff. Or rather, it already has.
Everyone is looking at the quarters because they're waiting for Wile E. Coyote to look down.
- cj 7mo agoWhat's that old saying? Be greedy when others are fearful, or something like that?
- Tadpole9181 7mo agoNever heard that one, but my off the cuff thought was "sounds like something a so-far-lucky gambling addict would say".
- deleted 7mo ago[deleted]
- cj 7mo agoI have a feeling Warren Buffet would accept that label, with a chuckle and a smirk! But I also think Buffet wouldn't characterize the current environment as particularly fearful. We haven't seen a whole lot of panic aside from a couple 1-2% daily swings, which is nothing.
- SlinkyOnStairs 7mo agoDo bear in mind the context of that Buffett quote is to not blindly chase market sentiment and the numbers, neither directly nor inversely; Berkshire Hathaway's got quite the pile of cash right now.