Markets have calmed, but investors fear more volatility

Barry J Whyte: JP Morgan was once asked what he thought the market would do. ‘It will fluctuate,’ he said.

Barry J Whyte

Chief Feature Writer @whytebarry
26th October, 2014
Traders work on the floor of the New York Stock Exchange. Picture: Spencer Platt/Getty

How can you judge when it’s been a difficult week in the financial markets? When Warren Buffett loses nearly $2.5 billion.

Buffett – the sage of Omaha, the greatest living investor, and the man behind investment firm Berkshire Hathaway – started last week having already lost an estimated $800 million on his investment in Tesco.

That was amplified last Monday when computer manufacturer IBM announced disappointing third quarter earnings, which pushed its share price down...

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