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Huge Market Crash Coming? Warren Buffett and Other Experts Sound the Alarm

Summary:
NBA personality and owner of the Dallas Mavericks franchise Mark Cuban shares Buffett’s sentiment. He believes the stock market’s breathless rally will end once the magnitude of the pandemic’s devastation is known. Day traders are making money thinking they are geniuses in a bull market. Howard Marks, another billionaire investor and CEO of Oaktree Capital in the U.S., said people are buying stocks for fun. Don’t look at it as a gambling game because reckless trading is not healthy. Many thought during the dot.com era, it was a “can’t miss strategy.” The bubble eventually burst. The billionaire wannabes are gambling, not investing. Buffett, Cuban, and Marks are warning investors not to get carried away. Now is not the time for speculating because the market is standing on thin ice. Yahoo

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NBA personality and owner of the Dallas Mavericks franchise Mark Cuban shares Buffett’s sentiment. He believes the stock market’s breathless rally will end once the magnitude of the pandemic’s devastation is known. Day traders are making money thinking they are geniuses in a bull market.

Howard Marks, another billionaire investor and CEO of Oaktree Capital in the U.S., said people are buying stocks for fun. Don’t look at it as a gambling game because reckless trading is not healthy. Many thought during the dot.com era, it was a “can’t miss strategy.” The bubble eventually burst.

The billionaire wannabes are gambling, not investing. Buffett, Cuban, and Marks are warning investors not to get carried away. Now is not the time for speculating because the market is standing on thin ice.

Yahoo finance.

https://ca.finance.yahoo.com/news/huge-market-crash-coming-warren-121015499.html
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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