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Saturday, September 27, 2008

Buffet's Time Bomb Scenario

We know Warren Buffet has a pretty good eye for seeing trends on Wall Street. I remember reading his annual report to shareholders at Bershire Hathaway (the fund he runs) and he warned about a deriviatives collapse that could sink the market. That was probably 4 or 5 yrs ago that he issued the warning. Now, he appears to be right on.

Read the Reuter's article here; http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=1&virtualBrandChannel=0

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