Warren Buffett Sends Investors a $382 Billion Warning. History Says the Stock Market Will Do This Next.

Key Points Warren Buffett's Berkshire Hathaway was a net seller of stocks in the third quarter, despite reporting a record $382 billion in cash and U.S. Treasury bills. While Buffett has historically been a net buyer of stocks, his disposition changed three years ago, likely due to his belief that valuations are quite elevated. The S&P 500 recorded a CAPE ratio of 39.5 in October, a valuation that has historically preceded losses over the next one, two, and three years. 10 stocks we like better than ...