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Wednesday, March 19, 2014

Warren Buffett: It would surprise me if stock prices drop 50%

Warren Buffett told CNBC on Friday he would be "surprised a lot" if stock prices around the world fell 50 percent from their current levels in the near future.

He predicted there will be another financial crisis "someday" in the years ahead that will shock financial markets, but he doesn't think it will happen anytime soon.



Buffett said he's been bullish on the U.S. economy since the fall of 2008, but he doesn't expect it to rapidly accelerate this year. Instead, he thinks it will continue its slow upward trajectory.

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