re: The world is about to find out why Warren Buffett's Cash Pile is at unprecedented levels

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The world is about to find out why Warren Buffett's Cash Pile is at unprecedented levels

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Dow futures down almost 700
Nasdaq futures down almost 600
S&P futures down 125

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If this market is ever forced to stand on its own two legs it won't be pretty.

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The DJ30 is now in positive territory on the day.

While the green may not last, it's a lesson to forget about making blanket statements on what the market is going to do based on the 24-hour news cycle.

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How's the bottle-popping going? Just checking...

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Swimmingly.

He's piling up cash for when he dies and the estate taxes kick in.

What happened to the good old days when markets sought to reflect economic activities 6 months out and not when a toilet is flushed?

The market will inevitably go down, and at some point 40,50 or 60%.

And then it will go back up and reach all time highs.

If you need your money to live now or next few years, then prepare.

If your horizon is 10,15, 20 years or more, just keep buying. Roll with downturns and ride the next waves.