Warren Buffet needs new crystal ball

Warren Buffet bought too early he need to a get a new crystal ball. The market will still go down from here. The reason is fear. People are losing jobs, and those with jobs cannot get loans. The so called mild recession is turning into a deep depression.

If we cannot see it now, take a look at what is happening in asia where factories are idle due to global economic crisis and financial meltdown; warren can see into the future, but he needs a new crystal ball.