re: anybody worried about stock market going down tomorrow

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...will make “equities the much better long-term choice for the individual who does not use borrowed money and who can control his or her emotions,” Buffett said.

The investing legend, however, offered a big caveat to his prediction: “Anything can happen to stock prices tomorrow.” He noted that occasionally, “there will be major drops in the market, perhaps of 50% magnitude or even greater.”

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Buffett lamented once again in the letter that Berkshire has still not found an attractive acquisition target to spend the company’s massive cash hoard on.

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