I am astonished that Mr. Buffett makes spur-of-the-moment investment decisions while in bathtub. Nonetheless, his "steamy" decision to invest in BAC is reminiscent of his Goldman Sachs investment in Sep of 2008. So many folks are trying to draw parallels with 2008. Well they are going to cringe this morning. Stock market kept on falling hard after Buffett's GS deal in 2008. Bottom did not come for another 6 months.
All I can say is what an opportunity for market to dump today! Be careful folks, do not end up holding the bag.
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