One of the many things I have going for me in the stock market is that I have looked at over a million charts since the 1980's. The charts don't lie, show pain and pleasure, greed and fear. The chart will make the move before the news does. You still think insider trading is a thing of the past? LOL, fools and their money are soon parted.
You see, the stocks don't know I own them and wouldn't behave any differently if they did.
It has been a glorious year. So far.
Look around. What do you see? I see a populace having a tough time.
I see every car dealership from Atlanta to Nashville, so full they can't get any more cars on the lots.
I see savings being depleted.
I see inflation.
I see homes for sale, sitting.
When it comes it will be rather fast and furious.
It's coming. It will. Trust me.
Berkshire sitting on $400,000,000,000 of cash. Waiting for better times to enter the market with new buys at the right time, when blood is running in the street.
The cycle of manias, on full display.
Today, Greed is in control.
So far.
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