Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.The S&P 500 — a measure of the broad U.S. stock market — was down about 2% in early trading, putting it 7.5% below the index's all-time high close on July 16. Further declines would put stocks in the territory of a correction, defined as a decline of 10% or more from the market's peak. Notably, the S&P is still up 10.
Unloading a hot tech stock and holding bonds? Is the Oracle of Omaha trying to tell us the end of the bull market is near? "It's a terrible mistake to think of stocks as something that bob up and down and that you should pay attention to those bobs up and down," he said.If you're saving for a long-term goal, such as retirement, what happens in a particular day or week or year shouldn't be of much concern, Buffett said.
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