Why Warren Buffett is Warning of a 2008-style crash

The market turmoil continues, as major companies spanning several sectors are laying off thousands of people. Big names are lopping off a huge portion of their workforce; including Paramount, Intel, Cisco and Axios. With that, the Oracle of Omaha Warren Buffett, has recently said he believes a 2008-like market crash is coming to the US; citing a number of reasons, including (from 24/7 Wall Street via Newsbreak):

-Most big companies seem overvalued, with the S&P 500 trading at high multiples.
-Warren Buffett's recent stock sales hint he's preparing for a potential market downturn.
-He may be waiting for a major correction to make big acquisitions, as he did in 2008.
-When things turn down, dividend stocks can be a safe port in the storm.

Swiss America CEO Dean Heskin and Chris Agelastos examine Buffett's prediction and analysis, while they also discuss how you can help protect yourself on The Secret War on Cash.

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Articles referred to in this podcast:
https://www.foxbusiness.com/markets/layoffs-announced-multiple-companies-summer
Buffett Signals a 2008 Sized Collapse (newsbreak.com)