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90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!

 
SARGNT
User ID: 42495463
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07/06/2013 09:45 AM
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90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
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.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Read Latest Breaking News from Newsmax.com [link to www.moneynews.com]
Urgent: Should Obamacare Be Repealed? Vote Here Now!

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.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Read Latest Breaking News from Newsmax.com [link to www.moneynews.com]
Urgent: Should Obamacare Be Repealed? Vote Here Now!
SARGENT (OP)
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07/06/2013 09:48 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
[link to www.moneynews.com]
Anonymous Coward
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07/06/2013 09:49 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
Another topic the sheep will pretend not to see.
Anonymous Coward
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Indonesia
07/06/2013 09:49 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
but but but US in greatest economic recovery
Anonymous Coward
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Malaysia
07/06/2013 09:55 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
Old news. This article came out much earlier this year.

All this talk of market correction and yet the market keeps going up and up.
goldielucks

User ID: 794598
United States
07/06/2013 09:56 AM

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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
bump
"Democracy is nothing more than mob rule, where 51% of the people may take away the rights of the other 49%." ~ Thomas Jefferson

Mrs. Powel of Philadelphia asked Benjamin Franklin, “Well, Doctor, what have we got—a Republic or a Monarchy?”
With no hesitation, Franklin replied, “A republic, if you can keep it.”
Anonymous Coward
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United Kingdom
07/06/2013 10:02 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
Please op...
How many times do we have to read such crap?
Time and time again similar threads are posted. In the last 6 month alone there have been over 50 such posts in this forum and every single one of them have poted so called proofs and convinced it was happening any minute now.
Give us a break please
SARGENT (OP)
User ID: 42495463
United States
07/06/2013 10:08 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
So glad your a better financial guru then soros, Paulson, and Johnson, who are ALL making their way out. Just a messenger on a world renown news forum, stop getting all bent out of shape over it. Just reporting the news...
Sikhed
Cat herder

User ID: 1793575
United States
07/06/2013 11:01 AM

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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
Not really the OP's fault. This article originally came out early March. But the economic bloggers are lazy in looking for new info, so they just re-date the same article, paste on a new stock photo to it, and re-release it so they can get more views/advertising revenue.

(edit) Not to say the original story is wrong; it isn't.

Last Edited by Sikhed on 07/06/2013 11:03 AM
doom360
Uncle Fuck Stick
WAKE THE FUCK UP !!!!!!!!

User ID: 40018660
United States
07/06/2013 11:19 AM

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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
bump
Anonymous Coward
User ID: 42860960
United States
07/06/2013 11:41 AM
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Re: 90% stock market correction coming! Warren buffet, John Paulson and more dumping stock, get out now!
Walmart here I come.

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