The Grand Deja Vu ?
Is the 9th June 2017 the overture for a grand deja vu of 1st Feb 2000? The 1st Feb 2000 was the day when BRK A hits a low of US$ 44.000. (The old B share was at that day US$ 1466). The same day the tech stocks hit record highs and than they start to burst in the mighty bang.
I remember a quote of someone, he said or wrote: "in the same second when the prices of the techs got red in my computer, BRK price got green..."
1st Feb 2000 our beloved Berkshire founds track immediatly, one day later the rocket started and in the same way the techstocks melted down, we saw a mighty Berkshire lift of. One year later, on 1st Feb 2001, BRK reached US$ 70.300. The Techs were defeated.
On 9th June 2017 we saw the same direction, also on one singel day: Belaughed Techs like FANG etc. tanked and beloved BRK started to rise. Will it go on ? 17 years later, will Mr. Market double down?
We are fully ammunitioned with 100B, let the elephants come to us. If Warren will hunt an elephant, with a profit of 20 B per year, BRK should minimum double again.