Buffett Says Economy Recover Will Be Slow

Warren Buffett said over the weekend that the economy will recover but at a very slow rate and consumers are still not spending much. For those who don’t believe us telling you this time and again, maybe hearing the same thing from Buffett will make you change your trading style – i.e. stop chasing hot stocks and start making consistent winners a habit.

Buffett says the reports he receives from Berkshire’s 80 subsidiaries don’t show much improvement if any. And most of Berkshire’s businesses are still performing worse than they were two years ago before the height of the crisis. Remember folks these are mostly cash businesses not those leveraged with debt.