Stock valuations have been this high only three times in history. What happened next should give investors pause

Is Buffett Selling Banks, Buying Gold A Warning Sign For Investors?

“I do think this reflects Buffett’s cautiousness about the current state — and future prospects — of the U.S. economy,” Tilson said.

The Recession Is About to Slam Cities: NYT

Those with budgets that rely heavily on tourism, sales taxes or direct state assistance will face particular distress.