It should be kept in mind that the S&P 500 fell 1.5% and the tech-heavy Nasdaq Composite also tumbled by 2.5% on Thursday last week. The downslide was so clear and widespread that Dow futures slipped 400 points or 0.1%, S&P 500 futures fell 1.2% and Nasdaq futures came down 1.8%. Under these circumstances, Warren Buffett's unprecedented $132 Billion warning to Wall Street can't be ignored.
