Reported 4 days ago
Warren Buffett has recently surprised investors by closing out his positions in the SPDR S&P 500 ETF and Vanguard S&P 500 ETF, despite the S&P 500 being in a strong bull market. This decision has raised questions about whether he foresees a market correction, especially as he warns of 'casino-like behavior' and high valuations. Buffett's long track record suggests he may be acting on insights that Wall Street isn't fully recognizing, prompting investors to reconsider their strategies amid current market conditions.
Source: YAHOO