This is How Warren Buffett is Reacting to the Coronavirus Outbreak Pushing Markets Down

Billionaire investor Warren Buffett has finally broken his silence over how he feels about the Coronavirus outbreak affecting the markets.

Buffett actually kept it pretty simple and said, “Not as bad as 2008 or 1987.”

In an interview with the Oracle of Omaha at his Omaha headquarters, Buffett called the recent market shock a “one two punch.”

“If you stick around long enough, you’ll see everything in markets,” Buffett said. “And it may have taken me to 89 years of age to throw this one into the experience, but the markets, if you have to be open second by second, they react to news in a big time way.”

In Buffett’s opinion, the 1987 October crash was a “financial panic” and worse. As for the 2008 market crash, he said that was “much more scary, by far, then anything that happened yesterday.” Buffett was referring to Monday’s losses on Wall Street.