Quote from stock_trad3r:
I have come to the realization that warren buffet may be overrated and that brk.a is in a bubble. I woke up early this morning and watched about ten minutes of the CNBC squack box buffet Q&A and released that buffet has no better idea about the direction of the economy or stock market than anyone else. He says stocks aren't cheap and we're in a recession. Ohhh I'm so scared. I guess I should sell everything now and go hide in a bomb shelter till the fallout settles.
He's like I bought coke in 1981..gee even a halfwit could have made money buying almost anything in 1981 and holding a few decades.) Also, the reason why brk.a stock keeps going up is cause idiot, wealthy investors are anticipating a huge buffet windfall from buying the market dips and geico. There are no fundamental reasons to justify the massive surge in BRK.a stock in the past six months. This has the makings of a small bubble. BRK.a is up 30%!!!! while the dow is flat for the past year. Why? Anticipation! Of what? Who knows. This is a bubble. Expect this overpriced pump stock to fall back to 110K in six-nine months or so.