Jump to content
Political Discussion Forums
Sign in to follow this  
Moonlight Graham

Investing & COVID-19

Recommended Posts

Well Warren Buffet on the weekend revealed he's sitting on over 100 billion in cash still in Bershire's reserves.  He's waiting for an opportunity to buy in on a low.  The economy had a strong low in March, but he said the US feds came in and injected cash quickly before Buffett could make a move bailing out a struggling company.

Share this post


Link to post
Share on other sites

Berkshire Hathaway dumped all airline stocks, believing that the airline sector will be very slow to recover.    Many believe that equity markets will test March lows as the recession losses and bankruptcies mount.   Money is fleeing to bonds.   Cash is king until the COVID dust settles.

Share this post


Link to post
Share on other sites
2 hours ago, bush_cheney2004 said:

Berkshire Hathaway dumped all airline stocks, believing that the airline sector will be very slow to recover.    Many believe that equity markets will test March lows as the recession losses and bankruptcies mount.   Money is fleeing to bonds.   Cash is king until the COVID dust settles.

Yes.  As always, it's hard to time the market, so it's impossible to know when we'll hit the max market low of all this.  I think it was in march, there was a lot of panic.  I can see the market going down from now as losses mount as you say and real economic data keeps coming in, but will there be the same panic selling?  Again, i could be wrong, nobody knows because nobody can predict the future.

I remember you saying you bought oil a few years ago when the oil market first tanked.  Hope you sold it.  I've decided never to touch oil, it's too political, not based on market factors.

Edited by Moonlight Graham

Share this post


Link to post
Share on other sites
6 minutes ago, Moonlight Graham said:

Yes.  As always, it's hard to time the market, so it's impossible to know when we'll hit the max market low of all this.  I think it was in march, there was a lot of panic.  I can see the market going down from now as losses mount as you say and real economic data keeps coming in, but will there be the same panic selling?  Again, i could be wrong, nobody knows because nobody can predict the future.

 

No, you are right, not panic selling.   More like a slow bleed as the quarterly numbers come in.   Will also vary by sector.   2008 - 2010 gives some insight into what can happen, but this time there is no liquidity collapse.    A collapse in consumer confidence can destroy the demand side.

 

Quote

I remember you saying you bought oil a few years ago when the oil market first tanked.  Hope you sold it.  I've decided never to touch oil, it's too political, not based on market factors.

 

I bought leveraged oil ETF's like USO, SCO, ERX, etc. for short term and day trading only...never held long.   Can't do that today because oil futures are upside down and contango.   

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...