Dow rallies more than 500 points to record, closes above 37,000 for the first time

[Johnny2X2X]

26. It's an unprecedented situation

One where inflation was caused by a global pandemic. So there was a ton of risk and unknowns. But I think the US economy is incredibly strong right now and that's why we're seeing things steam along despite inverted yield curves and persistent but moderate inflation.

Warren Buffett is taking advantage of high rates of savings, but he's also likely more liquid because he has sp[ecific opportunities in mind. That guy didn't get that rich by sitting risky markets out, he's got a plan, and that plan isn't 5% interest on his $28 Billion. But predicting what Warren Buffett is thinking has never been something anyone's been very good at.

But I do know that Joe Biden's entire philosophy during these unprecedented economic times has been that the economy works best when working people have jobs and are making better wages. Everything he has pushed has been to help working people with the thought that if he does that, the eonomy will eventually benefit. And I think we're seeing some of the fruits of that right now.