Don't get me wrong: Buffett's sales of Apple and Bank of America stock are concerning, and could suggest that he sees a market correction on the horizon. But market corrections can be healthy when the market gets too frothy, and a correction that takes ...

It is indeed interesting that Berkshire now holds $320 billion in cash vs just $272 billion in equity investments. Put another way, Buffett is holding more cash than stocks. "That’s a lot of firepower if markets see a sustained drop," notes Colas. "While Berkshire is not especially expensive, its multiple may be worrisome to a value investor ."

Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady strea