Thursday, October 25, 2007

Warren Buffett Speaks

Warren Buffett spoke in South Korea today regarding the subprime woes in the States, and offered a troubled outlook for both financial markets and the ever weakening dollar.

I am waiting to see fourth quarter earnings before getting nervous; however, there are no shortages of warning signs throughout the markets, as evidenced by the recent drop in the DOW.

I am surprised that consumer spending hasn’t decreased. On the other hand, nobody really knows the long term effects of the subprime credit woes until more data is released.

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