|Posted by Conspiracy Cafe on July 11, 2020 at 4:10 PM|
Billionaire investors are parading and sounding the alarm on the coming of a massive market crash. The GOAT of investing is leading the parade of the wealthy. Warren Buffett is supposed to be deploying cash in a declining market, but he isn’t.
People find it odd that Buffett has lost his investment appetite in 2020. His conglomerate has $137 billion in the treasure chest. The first significant pandemic deal happened only this month. Berkshire Hathaway purchased the gas transmission and storage assets of Dominion Energy for $9.7 billion.
People are staying home due to COVID-19 and are playing stock market. The contrarian moves of these amateurs worry Buffett. He doesn’t like the mindless buying and speculating. Day traders, especially, are scooping up shares of distressed companies.
The day-trading boom at present has similarities with the dot.com bubble in early 2000. Buffett said that investors are focusing “not on what an asset will produce but rather on what the next fellow will pay for it.”
Market bubble will burst
CONTINUED AT LINK:
Warren Buffett: Are We on the Brink of a Stock Market Crash?