If you’ve been to Cabot’s Web site recently, you may have noticed a new section smack dab in the middle of the home page: Cabot Headline News. In this area, you’ll find two articles compiled from major news sources every weekday. Our goal is try to help you stay better informed about what’s happening in the financial world in a more news-oriented way–making Cabot’s Web site your one-stop shop for financial information. Be sure to check out the Headline News section at and leave your feedback on this post.
Here’s an example of a story I wrote a few weeks ago discussing Warren Buffett’s optimism about the resilience of the U.S. economy and stock market. His positive outlook seems to have permeated other investors’ thoughts in the last few weeks as the stock market has rallied more than 20% off its March 9 low.
“Warren Buffett, the billionaire investor, said that the economy has “fallen off a cliff,” according to CNBC. While Buffett says the economic situation has been “close to the worst case” that he had ever imagined, he thinks the climate would be far worse had the Federal Reserve not stepped in last September.
“Buffett predicted that five years from now, the economy will be much better, with the strength of the U.S. system pulling the country through, just as it has in the past, according to CNBC. Buffett also urged politicians to put aside partisanship when dealing with the economic situation.
“Buffett said that while most banks are in pretty good shape, President Barack Obama should make a “clear statement” in support of the banking system–reassuring people that their money will not be lost if banks fail, CNBC reported.
“Buffett says he still believes (as he stated in a New York Times piece in the fall) that stocks will do better than Treasuries over a 10-year period. But Buffett added that he wasn’t calling the bottom of the stock market then and isn’t calling it now.
“He also reiterated his optimistic long-term view: “Everything will be all right. We do have the greatest economic machine that man has ever created.”
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