Buffett warns of market danger
Thursday 04 March 1999
WARREN BUFFETT (left), the legendary investor, has warned that the US stock market has moved into a "dangerous" period where share prices could drop sharply. Mr Buffett, whose investment decisions are followed by legions of small investors world-wide, said: "After a while the very act of stocks going up starts drawing in other people who get excited about the fact that their neighbour made some money. That's when you get into the dangerous periods". In a rare interview with ABC News, the US billionaire said he could not tell precisely when the stock market bubble would burst.
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