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Strategies & Market Trends : Buffettology

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To: Paul Senior who wrote (4649)	12/22/2019 11:19:25 AM
From: Riskmgmt	Read Replies (2) of 4690

Re: “Which leaves me with a concern. Why would the market continue to move up though? The S&P's up 28% ytd, the Dow Jones Total Stock Market Index up 27% -- how much more up can we expect in 2020? I wrestle with this.” But I thought you said you were selling BRK to put the money in other stocks that might do better? So, you would presumably still have the market risk. The one thing I like about BRK is that is has a ton of cash, proven management and a well diversified business so should a sell off in the market occur it would tend to hold up better than most other stocks. In fact Buffet has a proven track record of doing his best deals when the markets do sell off and things are looking most dour. If, on the other hand, the market continues on an upward trend, BRK is a cats whisker from taking out its previous high of $227.8. It’s been knocking on that door for a while now and a break out above that gives us open sky’s for a nice run up. Lastly, a P & F chart

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