Warren Buffett and his company Berkshire Hathaway have reached a record $370 billion in cash and cash equivalents. Additionally, over the past week, the company purchased $17 billion worth of short-term U.S. government bonds. What does this mean? Liquidity is maintained for future deals, and the legendary Buffett currently sees no justification for risk-taking or stock purchases. Therefore, liquidity continues to stay in cash, and in a recent interview, he said: "There are no attractive prices right now."

To sum up — the largest fund is waiting for a deeper correction. In his view, the current decline in the stock market is nothing, and throughout his career, he has seen corrections of 40-50% several times. His current strategy is to preserve capital and wait for the bottom, then act opposite to the crowd, which will be selling assets; they will be buying.

Do you think the market has already reached its 👍bottom or not yet 👎?