Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Machaon

To: Machaon who wrote (144816)	5/2/2020 11:58:57 PM
From: Brian Sullivan	2 Recommendations Read Replies (2) of 218672

Updated comments from Warren Buffet: Well, it's official: there won't be any " Buy American" op-eds by the Oracle of Omaha this time around. In fact, if anything, they will be titled simply "Sell, Sell, Sell." Warren Buffett, who turns 90 in 4 months, had an unpleasant surprise for the permabullish Berkshire faithful during their annual pilgrimage to Omaha => live-stream of Berkshire's annual meeting: one month after Berkshire surprised investors by selling parts of its Delta and Southwest Airlines stakes - both of which had previously been above a 10% ownership level and speculation was rife that Berkshire could purchase an airline outright in the near future - the Oracle of Omaha said that, 4 years after Berkshire took major stakes in the four largest US airlines, he had liquidated the sold the entirety of its equity position in the U.S. airline industry which included $6.5 billion worth of stock in United, American, Southwest and Delta Airlines. zerohedge.com

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