My guess is that companies are sensing the same thing, and don't know how to quantify it yet. Steve Chiavarone More Quotes by Steve Chiavarone More Quotes From Steve Chiavarone Take a deep breath. There is not enough evidence to suggest we are on the immediate verge of recession. Steve Chiavarone top-news The market right now is treating this like a hurricane, where you know there will be an economic impact but you tend to discount any hit to the data because you know there will be some catch up, but here's what's dangerous about that approach: the sample size is zero for shutdowns this long. Steve Chiavarone business We've considered this a value stock since 2013, so it's not surprising that Berkshire sees it the same way, it's a value stock that has the potential for a big growth. Steve Chiavarone company-news A few weeks ago the market was ready for it, and then the China volatility threw a wrench in that. They are trying to get the market back to pricing in an increase so that it's not a kick in the gut. Steve Chiavarone business There’s a lot of capital gains built into those names, and we think they would be the ones who are most likely to take it on the chin. Steve Chiavarone The market has run up so quickly that we may get a sharp pullback purely on technical reasons, but we still think that there's going to be a catch-up trade in areas that haven't had the same run. Steve Chiavarone
