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May 7, 2008

All Business: Buffett: Happy days aren't here again yet

  • He gave a much-needed wake-up call to investors who have been pushing stock prices higher and are warming up to owning risky debt again.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Warren Buffett's comments on the investment outlook usually resonate, and those over the weekend were no exception: Panic in financial markets may be through, but that doesn't means it's the end of the economic and credit woes.

    Buffett's assessment is a much-needed wake-up call to investors who have been pushing stock prices higher and are warming up to owning risky debt again, both big bets that the worst of the credit crisis is over and better times are ahead.


     
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