The 30-year U.S. Treasury yield fell by around 0.4 percentage points as markets opened, which would be its third-largest single-day move in 35 years, surpassing the 0.
35 point drop on Friday. The two days with larger declines were October 20, 1987, the day after the Black Monday crash, and November 20 2008, during one of the worst weeks in U.S....
Every economist and investment advisor I’ve ever talked with intoned that one mustn’t overreact to short-term trends. Do not try to time the market, they said, oh so sagely... Then a few thousand people die of the flu and Wall Street is like OMG OMG THIS IS THE END SELL SELL SELL
But the combination of The American Tailwind, about which I wrote last year...compounding wonders described by Mr. Smith, will make equities the much better long-term choice for the individual who does not use borrowed money.. who can control his or her emotions. Others? Beware!”
instruments. That rosy prediction comes with a warning: Anything can happen to stock prices tomorrow. Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater.
What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt
Our perhaps jaundiced view is that the pundits who opine on these subjects reveal, by that very behavior, far more about themselves than they reveal about the future.
Buffet 22 February 2020 letter on 2019 extract: Long-term stock forecast “Forecasting interest rates has never been our game, and Charlie and I have no idea what rates will average over the next year, or ten or thirty years.
Buffett talks investing, takeovers and ‘Dancing with the Stars’ in letter — here are highlights
Maybe ,Maybe ? Anyway we blindly trust you
MSM fearmongering is making the situation worse than it should be!
All those Trump supporters who told us how great Trump is because their 401ks are making them rich. Where are they today? Crickets.
$34 trillion in stock “value” = $0 real money
You along with all the other media outlets have created this panic
Facts should be enough to temper fears. Too bad fakenews has skin in the game to keep the hyperbole alive.
WE’RE ALL GONNA DIE!
You heard that on the street? From some permabull charlatan at CNBC no doubt. I can't hear anything on the street because all the blood in the streets is clogging up my ears
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