Unemployment Rate Increases Will Warren Buffett 2008 Predictions Come True

Hi,
Market close Friday, with DOW 12,800.18 a -256.54 drop, NASDAQ 2,504.65 a -98.03 drop and S&P 1,411.63 a -35.53 drop. U.S. Labor Department reported job creation and unemployment rose to a two-year high of 5 percent, the fear of recession also pushes the Index down. Previously CNBC buffett watch posted Warren Buffett 8 Predictions for '08 - And Beyond.

1. This story covers valuable information for investors.
2. Recessions can't be avoided forever.
3. We'll survive future recessions just as we've survived past problems.
4. Recessions will create opportunities.All stocks won't be cheap.
5. The crowd will make mistakes.
6. Investors will mistakenly think falling stock prices are bad.
7. Good times will prompt bad decisions.
8. There will be more dancing at another wild party followed by another painful hangover.

Read CNBC full story cover on Warren Buffett Watch's 8 Predictions for '08 - And Beyond.

Beside those predictions MR. Warren Buffett warned that the U.S. could fall into recession, if unemployment increases significantly. Here the full story cover by CNBC Warren Buffett Warning In CNBC Interview: Recession Possible If Unemployment Picks Up Significantly.

Reuters Reports that the unemployment rate rose to 5 percent from 4.7 percent. Read more at Reuters INSTANT VIEW 4-US Jobs growth slows, unemployment up in December.

Will recession happened in 2008? Regardless of if recession is real I think you can definitely take Warren Buffett suggestion about for year 2008 and beyond. As long-term investor you can always take his advise, as he is a life example who build his wealth in value investing.