Is a Bull Market Coming? Before You Buy, Consider What Warren Buffett Has to Say.
Is a bull market here? It depends on who you ask. But leaving aside the semantics of whether the current market rally has made the cutoff, it's definitely demonstrating strong momentum. The S&P 500 is now up nearly 15% in 2023, on its way to undoing its 2022 losses.
Famed investor Warren Buffett is often quoted as advising investors to "be greedy when others are fearful, and fearful when others are greedy," which he explained in his 1986 shareholder letter. As the market quickly rises, it's good to have some perspective.
At least some part of what's going on is that a few stocks are pulling more than their weight and lifting the entire market. That's spiraling into general confidence as investors see numbers fly higher, and this is the precise scenario that Buffett is telling investors to be wary of.
Source Fool.com
