Tuesday, March 3, 2009

Dow is Down, Again!

Aside from my "healthy" dose of cynicism, I'd say I am a natural optimist. However, it's harder to be an optimist when the lead story in The New York Times makes you immediately somber. Assuming that the stock market is a measure of the economic health of our nation (and the developed world), this cannot be good.

According to the Times, "Warren E. Buffett, the chairman of Berkshire Hathaway, wrote in his company’s annual report that “the economy will be in shambles, throughout 2009, and, for that matter, probably well beyond."

Cue the music: "We shall overcome..."

Here's what the economic sage had to say about a month ago:

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