Uh, Oh, Will Buffett Liquidated His Airline Stocks Trigger A Second Leg Down?

Warren Buffett almost single-handedly put a stop to the last financial crisis in 2008.  He penned a now legendary “Buy American.  I am.” op-ed in The New York Times.  That was incredibly significant.  It gave investors the confidence needed to get back on the horse.  If getting back in the market is good enough for Warren, it’s good enough for me!

Yesterday he may have done just the opposite.

At the Berkshire Hathaway annual meeting, Buffett informed, well, the world that he completely liquidated his significant airline holdings.

Too much uncertainty.

Translation:  I’m selling because I think things will go down.

As significant as selling, he’s not buying, either:

“We have not done anything, because we don’t see anything that attractive to do.

Translation:  Yeah, I definitely think things will be cheaper in the future.

So I’m wondering what we’ll wake up to in the weeks ahead?  If Warren’s getting out, should I?!

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Who’s Better For The Market, Democratic or Republican President?

CNBC did a fascinating analysis of who’s better for the stock market, a Democrat or Republican.

Below are the visuals.

While the initial conclusion here is, “Democrats are better for the stock market”… I believe what these charts actually show is what happens when the Republican party abandons its long-standing partyline of being fiscally responsible.

That is to say, while it may have been helpful to the military complex, dragging us into needless and endless and massively expensive military action is simply bad for business.

I think the charts below prove that in spades.