Fear Is Driving the Stock Market. Warren Buffett Has 6 Words for Moments Exactly Like This.
Investors are getting nervous, but Warren Buffett has some encouraging advice.
Overview
It's been a rough few weeks for the stock market. Surging oil prices and the tech sell-off continue to plague Wall Street, and although the Federal Reserve chose to hold interest rates steady in July, any future rate hikes could potentially add fuel to the fire.
While the market has climbed to new heights over the past year, the cracks may be starting to show. The S&P 500 (SNPINDEX: ^GSPC) is on pace to end its second straight month of declines, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) is dangerously close to correction territory after falling by 9.7% since early June, as of this writing.
Image source: The Motley Fool.
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.