SeeTheLight

Is Buffett Backing Away from Stocks?

As Buffett says, “Be fearful when others are greedy and greedy when others are fearful”, never has that been more clear than this casino-like market right now, with its dash for trash mentality.

This market reminds me of another casino related strategy for playing Poker, which answers the question "When is the best time to get up from the poker table?" The answer - "The best time to get up is when all the fish have run out of money." For context, the fish are inexperienced players which are likely to lose all their money.

This market is like one big poker table, and the fish is the US (and G-20) governments with their stimulus. As soon as that punch bowl gets taken away, the sharks (GS et al.) are going to take their profits off the table.

Honestly, does anyone truly believe that once the stimulus ends that the economy is not going back into the tank? I mean have we really resolved any of the problems that caused the crisis in the first place?

Good Luck all