Stocks can go up when news is bad since people with wealth must invest somewhere or hold cash which has opportunity cost. Investment choices include stocks, real estate etc. When central banks push interest rates lower (eg, negative) high quality cash producing asset prices rise.
Cash is "just about the world's worst investment except doing something dumb." Warren Buffett
If you have some cash right now would you rather own Apple or a 30 year US Treasury Bond?
Warren Buffett puts his cash in US Treasury *bills* for a reason. He wants it to be available.
If you have some cash right now would you rather own Apple or a 30 year US Treasury Bond?
Warren Buffett puts his cash in US Treasury *bills* for a reason. He wants it to be available.
"I make mistakes when I get cash. Charlie tells me to go to a bar instead. Don’t hang around the office. But I hang around the office and I have money in my pocket, I do something dumb. It happens every time."
25iQuiz: Who said this? What did he mistakenly buy and when?
25iQuiz: Who said this? What did he mistakenly buy and when?
