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Billionaires Dumping Stocks,

 
Anonymous Coward
User ID: 42579942
United Kingdom
07/02/2013 02:36 PM
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Billionaires Dumping Stocks,
"Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone."

[link to www.moneynews.com]

Do they know something we don't?
JustinSider

User ID: 30414805
United States
07/02/2013 02:46 PM
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Re: Billionaires Dumping Stocks,
This is on WarrenBuffett.com as well.
[link to www.warrenbuffett.com]

These people are so brazen now a days.. What happened last time the big time investors quietly excited the market? The Great Depression... That's what..
Guilty: is what our graves will read, no year no family. We did nothing, to stop the murder of people just like us..
tandym

User ID: 1667343
United States
07/02/2013 03:20 PM

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Re: Billionaires Dumping Stocks,
bump since I can't believe people aren't noticing this.
Rev StarGazer

User ID: 37891955
United States
07/02/2013 03:27 PM
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Re: Billionaires Dumping Stocks,

“If we are peaceful, if we are happy, we can smile and blossom like a flower, and everyone in our family, our entire society, will benefit from our peace.”
Thich Nhat Hanh, Being Peace

"But ask the animals, and they will teach you,
or the birds in the sky, and they will tell you;
or speak to the earth, and it will teach you,
or let the fish in the sea inform you." - Job 12:7,8

"When the going gets weird, the weird turn pro." - Hunter S. Thompson

revstargazer (at) hotmail.com
Anonymous Coward
User ID: 41697448
United States
07/02/2013 03:28 PM
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Re: Billionaires Dumping Stocks,
This is on WarrenBuffett.com as well.
[link to www.warrenbuffett.com]

These people are so brazen now a days.. What happened last time the big time investors quietly excited the market? The Great Depression... That's what..
 Quoting: JustinSider


JPM and Goldman Sachs may have more cash now than any time in history.

What do you think they're expecting?
JustinSider

User ID: 42109419
United States
07/03/2013 01:41 AM
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Re: Billionaires Dumping Stocks,
THE CARSH!!

Its all manufactured by them.
Guilty: is what our graves will read, no year no family. We did nothing, to stop the murder of people just like us..
Anonymous Coward
User ID: 33132554
United States
07/03/2013 03:10 AM
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Re: Billionaires Dumping Stocks,
Its a new world and there are many young companies. The big US Corps have seen their day and are done. People don't like them.

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