What else can we expect? Either layoffs and big ones, or complete breakdown.
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When a ship begins to sink, rats who are hiding in the cargo or engineering spaces will immediately head for higher ground, even if it contains dangers
This is what happens when lazy guy is a boss. Need better leaders and direction.
In May, Buffett told investors at Berkshire's annual meeting that "it's a fair assumption" the firm's cash stockpile would top $200 billion in the near term. The rising stockpile comes as the trusty ole' 'Buffett' Indicator (US Equity market Cap/US GDP) has warned for quite some time about overvalued stocks.
Some big players are exiting quietly knowing that the market has "issues" so they can leave at a higher price.