Warren Buffett's favorite stock-market indicator 'scares the bejeezus' out of this investor

[saidsimplesimon]

https://www.marketwatch.com/story/warren-buffetts-favorite-indicator-scares-the-beejezus-out-of-this-investor-2020-04-20?mod=home-page

Warren Buffett’s favorite stock-market indicator ‘scares the bejeezus’ out of this investor
Published: April 20, 2020 at 4:32 p.m. ET
By
Shawn Langlois

Billionaire investor Howard Marks just told CNBC on Monday that “the world is more screwed up” than what the action in the stock market might lead you to believe.

Gary Evans of the Global Macro Monitor blog would agree.
“After the Fed effectively fully nationalized the financial markets by bailing out junk bonds on April 9th, turning Wall Street into a Soviet Sausage Factory, almost any type of analysis, which was on its way out anyway, was rendered completely meaningless,” he said.
….snip
“I would say basically we’re like the captain of a ship when the worst typhoon that’s ever happened comes,” Berkshire’s Charlie Munger said. “We just want to get through the typhoon, and we’d rather come out of it with a whole lot of liquidity. We’re not playing ‘oh goody, goody, everything’s going to hell, let’s plunge 100% of the reserves [into buying businesses].”
Read:Here’s the real reason why Buffett is sitting on all that cash
….snip

[exboyfil]

1. That has been my play

My financial "adviser" (mutual fund salesman) beat me up about not getting back into equities three weeks ago. On the one hand he is right (I could have increased my portfolio 15-20% just by moving all the cash to equities). On the other hand another 10% down day means another 1-2 years of work.