I've got a link on market turning points during recessions in the link-vault, back when I find it.
Meanwhile, from the AP:
Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.
Buffett said in an interview with cable network CNBC the reports he gets from the retail businesses his holding company owns show a significant slowdown in purchases.
The chairman and CEO of Omaha-based Berkshire Hathaway Inc. said millions of people have also lost equity in their homes because home prices have dropped....MOREWe updated the "Who cares what Warren Buffett thinks about Global Warming" post.
Click the link and scroll down.