Watch Out, Investors: Warren Buffett Appears to Be Betting on a Recession
Warren Buffett is an optimist at heart. During the financial crisis of 2008, he wrote in a New York Times op-ed, "Over the long term, the stock market news will be good." The day that article was published, the S&P 500 was down nearly 40% below its previous high.
However, Buffett is also a realist. He battens down the hatches when he doesn't see opportunities on the horizon. So what's the Oracle of Omaha's mindset these days? Watch out, investors: Buffett appears to be betting on a recession.
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Source Fool.com
