Warren Buffett’s Berkshire Hathway (BRKA) met our $190,000 downside target last week (January 13th), which was first mentioned in our December 9th report entitled Today’s Reversal Warns Of More Near Term Market Weakness (access requires subscription) and again in the MarketWatch.com article entitled Apple, Berkshire shares signal more pain for market, to capture a 4% decline in about 5 weeks.
Here is the chart from our December 11thh report.
Here is the current chart updated through Friday January 15th.
Our initial interest in BRKA was its positive statistical correlation to the S&P 500 (SPX), the latter which has declined by 190.00 points or 9.3% during the same 5-week period.