Warren Buffett tells CNBC's Becky Quick the U.S. economy has "fallen off a cliff."
During a three-hour appearance on Squawk Box this morning (Monday), Buffett said economic developments have been very "close to the worst case" that he had imagined, although conditions would be far worse if the Federal Reserve hadn't stepped in last September.
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Tuesday, March 10, 2009
Stock Market Trends March 2009: Bear Market Targets S&P 600
To identify the stock market trend, it is best to begin with the big picture in mind and then work our way down to weekly and then daily views of the charts. You will notice that the chart and the value of the indicators change as we move from a monthly to a weekly and then a daily chart. This is a normal part of the technical analysis.
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Obama's Bonds and Stocks Bear Market
The Employment Situation? Grim - Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.
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Nasdaq Stock Market 21 Year Elliott Wave Pattern Forecast
Desperately Seeking Stability - At the worst of the two-year dot.com bust, the NASDAQ registered a 78% peak to trough decline. In the following five-years spanning 2002-2007, though the market came nowhere near reclaiming its former value, it nonetheless posted a 158% five-year trough to peak bull market return.
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