I think the dow will see gains again tomorrow. People wanted to hear buffet say the economy will improve and he did. So now is the time to buy those stocks while they're cheap. I don't know why everyone is freaking out about this recession, this has happened many times before, things will obviously get better. If you want to make money then don't be a pussy and invest into green energy company stocks and then sit back and relax for 5 years.
MattT, you are an idiot. Period.
Billionaire investor Warren Buffett says the US economy has "fallen off a cliff" and warns that inflation may accompany a rebound.
Buffett told CNBC television that US economic developments were close to the worst case he had imagined and said recovery would not happen fast.
The United States recently reported a 25-year high for unemployment and stocks have plunged to 12-year lows.
"People are confused and scared," he said.
Six months ago Buffet described the economic environment as an "economic Pearl Harbour", referring to the surprise attack in 1941 which spurred the US to join the war.
But Buffet said during his interview on Monday that the current economic climate is at the worse end of the scale he expected.