The Lunatic Fringe - Market and Trade Chat

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Berkshire Hathaway's monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares.

The Omaha-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September, up from $276.9 billion in the second quarter, according to its earnings report released Saturday morning.

The mountain of cash kept growing as the Oracle of Omaha sold significant portions of his biggest equity holdings, namely Apple and Bank of America. Berkshire dumped about a quarter of its gigantic Apple stake in the third quarter, making the fourth consecutive quarter that it has downsized this bet. Meanwhile, since mid-July, Berkshire has reaped more than $10 billion from offloading its longtime Bank of America investment.

Overall, the 94-year-old investor continued to be in a selling mood as Berkshire shed $36.1 billion worth of stock in the third quarter.
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https://www.msn.com/en-us/money/mar...sells-more-stock-freezes-buybacks/ar-AA1to6CE

Getting ready for the blood in the streets...

 

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[Cigarlover]

So if the US sells off further do you thing Shanhai will also sell off or will the gap between the exchanges just get larger?

 

[Viking]

 

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I'm guessing today is going to be a pretty quiet trading day as everyone waits for the political winds to settle.

 

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I'm beginning to think that this is the reason Buffet is going to cash. SMCI is going to crash NVDI and the equity markets are going to get ugly...

 

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[SilverSamurai]

Buffet goes to cash
fraud threatens a market crash
bloody streets ahead