Reported 3 days ago
Warren Buffett, CEO of Berkshire Hathaway, has signaled a concerning trend for Wall Street by selling off $127 billion in stocks over eight consecutive quarters, suggesting a troubling outlook for the stock market's high valuation. This marked shift comes amidst historic S&P 500 price-to-earnings ratios and a record-high 'Buffett Indicator,' indicating that stocks are overvalued, pushing Buffett to hoard cash for future investment opportunities.
Source: YAHOO