just! European and American markets are rising across the board!
On Wednesday night, all three major U.S. stock indexes opened higher. Among them, the Nasdaq had the highest increase.
Economist Roubini, known as "Dr. Doom", believes that the market's expectations that the Federal Reserve will drastically cut interest rates due to a hard landing of the economy are too pessimistic.
Roubini said, "There is some important evidence that the economy is slowing down, but I don't think the data suggests that we are going to have a hard landing anytime soon, and if anything, there are definitely some stronger aspects of the economy."
Analyst: U.S. stocks continue to plummet, Buffett may buy the bottom
Cathy Seifert, an analyst at CFRA Research, believes that if U.S. stocks continue to plummet, it will be a "golden opportunity" for Buffett to hunt for the bottom, when his record cash reserves of $276.9 billion will come into play. Buffett is known for his self-discipline, and he only buys when he sees a bargain. For years, he has lamented that there were too few deals to be made as valuations remained high. But with stocks tumbling, it may soon be time to buy.
Previously, Berkshire Hathaway announced that its cash reserves at the end of the second quarter were US$276.9 billion, setting another record and reaching US$189 billion at the end of the first quarter.
As of June 30, 72% of the total fair value of equity investments was concentrated in American Express, Apple, Bank of America, Chevron and Coca-Cola.
In the quarter ended June 30, there was a net sale of $75.5 billion worth of stocks. Berkshire Hathaway slashed its holdings of Apple shares to about 400 million shares in the second quarter from 789 million shares in the first quarter, according to a 10-Q report released on Saturday. Nearly 50%. #美联储何时降息? $ETH $BTC