Fortunes for the brave, page-6

Lollipops and Rainbows.
The Dow Is Rallying as Warren Buffett Buys the Stock Market Dip
The Dow Jones rallied back on Thursday as regulatory filings showed that billionaires like Warren Buffett are buying the stock market dip.
While the Dow’s previous rallies proved to be classic dead cat bounces, optimists are taking a look at China’s ability to slow the spread of COVID-19 and getting quite bullish about the fact that this crisis has a limited time-frame.
Naturally, a sizable chunk of these glass-half-full folks are multi-billionaires with plenty of cash on hand.Carl Icahn, Warren Buffett, and Carlos Slim have all dived into the battered stock market recently.
Billionaires like Warren Buffett and Carl Icahn have been buying stocks. | Source: Bloomberg News
Buffett’s Berkshire Hathaway Class A stock has performed only slightly better than the Dow Jones this year. Still, with a considerable amount of dollars at his disposal, it is only a matter of time before the company looks at a huge acquisition.
Healthy household spending is widely considered to be the foundation of the economy asmanufacturing slides deeper into recession.
Unemployment spikes are anticipated around the world, with the principal question for Wall Street being how long the shutdown will last.