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Strategies & Market Trends : Buffettology
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To: Robert Douglas who wrote (268)9/17/1998 7:16:00 PM
From: James Clarke  Read Replies (3) of 4691
 
Anybody notice what Buffett said yesterday. He is holding $9 billion in cash, which implies he's done a bit of selling. And, more important, he said he will certainly reinvest that money on a "dramatic" market drop. What I take from that is that he thinks we ain't seen nothin' yet. The implication was clearly that a 20% correction isn't even close to what is necessary to make the stocks he wants to buy cheap.
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