The financial press pores over every move Buffett makes — and picks each one apart for clues. So, today, we’re playing Monday morning quarterback (technically Tuesday morning, I suppose).
To fully understand what is going on… and put all dear readers on the same page… we must go back to the world that shaped the Oracle of Omaha.
In this episode of The Bull & The Bear podcast, we talk about the metric billionaire Warren Buffett uses to help determine where to invest in.
During the 2008 meltdown, the Buffett indicator dropped to about 50%. That’s what a real, long-term market bottom looks like.
PNC CEO: “As we entered this crisis, it became clear that everything we thought we knew was proven incorrect.”
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