Bull Market or Recession in 2023? Here's What Warren Buffett Says Investors Should Do Next
The past several years have been a whirlwind for investors. After soaring to new heights in 2021, the major market indexes did an abrupt about-face, plunging into the worst bull market in more than a decade. But after spending more than a year in the dumps, stocks have come roaring back, with the S 500 and the Nasdaq Composite up 14% and 29%, respectively (as of this writing), so far in 2023.
Yet opinions are divided about what will happen next. As recently as March, the Federal Reserve Bank warned of a possibility of a mild recession at some point this year. At the same time, the S and the Nasdaq are both up by more than 20% from their recent lows, which by some standards means a new bull market has begun. With all these seemingly contradictory indicators, what are investors to do?
People could do worse than follow the advice of renowned Berkshire Hathaway CEO Warren Buffett, who has an unsurpassed track record of investing success dating back decades. In short, the Oracle of Omaha argues now is the time to invest.
Source Fool.com
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