Warren Buffett Sent Wall Street a $134 Billion Warning Before the Stock Market Correction. History Says This Will Happen Next.
The S&P 500 (SNPINDEX: ^GSPC), commonly regarded as the best barometer for the overall U.S. stock market, has declined 12% since hitting a record high in February. That puts the benchmark index in correction territory. And while Warren Buffett admits he cannot predict short-term market movements, he did send investors a $134 billion warning mere months before the crash.Here's what investors should know.Warren Buffett is one of the greatest investors in American history. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has evolved from a small textile mill into a trillion-dollar company since he took control six decades ago, in large part because of his knack for purchasing quality businesses and stocks at reasonable prices.Continue reading
The S&P 500 (SNPINDEX: ^GSPC), commonly regarded as the best barometer for the overall U.S. stock market, has declined 12% since hitting a record high in February. That puts the benchmark index in correction territory. And while Warren Buffett admits he cannot predict short-term market movements, he did send investors a $134 billion warning mere months before the crash.
Here's what investors should know.
Warren Buffett is one of the greatest investors in American history. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has evolved from a small textile mill into a trillion-dollar company since he took control six decades ago, in large part because of his knack for purchasing quality businesses and stocks at reasonable prices.