Warren Buffett Does Not See Another Financial Crisis Coming Soon

Posted by: : Paul EbelingPosted on: March 17, 2014 Warren Buffett Does Not See Another Financial Crisis Coming Soon
BRK-A, WFC
Warren Buffett, CEO of Berkshire Hathaway (NYSE:BRK-A), says another financial crisis will strike “someday,” but he does not think it will be soon, given that a catastrophe just hit in Y 2008.
“Humans will behave in crazy ways, both on the upside and the downside in the next 50 years,” he says “It’s very unlikely they do it in the next few years because after something like 2008, once they get out of the emergency room, they’re a little more careful for a while.”
Mr. Buffett notes he would be “surprised a lot” if global stock prices dive 50%  in the near future. He adds that Berkshire’s share price has dove 50% 4 different times, but always bounced back.
Calling the Y 2008 financial crisis an “economic Pearl Harbor” understates the matter, but the fact that the United States has rebounded from the debacle shows “this country will come through anything,” Mr Buffett believes.
He has been optimistic about the US economy since the Fall of 2008, but anticipates continued slow to moderate growth this year.
 Wells Fargo Advisors (NYSE:WFC) offers investors lessons from the Y 2008 financial crisis in an article for Barron’s.
“Realize your unique risk tolerance, don’t let emotions take the wheel, have appropriate cash balances, understand the role of leverage in a portfolio, and be intentional with your investing strategy,” Wells Fargo writes.
Good advice…
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Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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