With the financial world mired in fear, now is a good time to consider Warren Buffett’s advice regarding the stock market.
Last year, economic headwinds hit the stock market like a wrecking ball, and the results were downright devastating for many investors. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite dropped into a bear market as Wall Street reacted to runaway inflation and rising interest rates. In fact, all three indexes suffered their sharpest declines since the financial crisis of 2008.
Unfortunately, the situation may get worse before it gets better. Inflation is still hovering near a four-decade high, and central bank officials expect interest rates to continue climbing this year. Those forces could tip the U.S. economy into a recession, and that possibility will probably keep the stock market suppressed in the near term.
Read more here: https://www.fool.com/investing/2023/02/08/bull-market-is-coming-take-warren-buffetts-advice/
