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Billionaires are quietly dumping their stocks

 
Anonymous Coward
User ID: 48365961
United States
10/15/2013 12:39 PM
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Billionaires are quietly dumping their 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.

_____________________________________________________


READ MORE AT THE FOLLOWING LINK:

[link to www.moneynews.com]



The writing is on the wall people!

STAR CHILD

User ID: 37490700
10/15/2013 12:40 PM

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Re: Billionaires are quietly dumping their stocks
good catch
OP , 5stars
Anonymous Coward (OP)
User ID: 48365961
United States
10/15/2013 12:42 PM
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Re: Billionaires are quietly dumping their stocks
good catch
OP , :5stars:
 Quoting: STAR CHILD



Thank you... credit goes to a friend... SHE has a good eye!
I just do all of the posting!
Anonymous Coward
User ID: 48377118
United States
10/15/2013 12:42 PM
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Re: Billionaires are quietly dumping their stocks
shhhhh
Anonymous Coward
User ID: 46970296
Canada
10/15/2013 12:46 PM
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Re: Billionaires are quietly dumping their stocks
Warren Buffet is a worm!

No, a slut!

Man do I ever HATE Joe Kernan, what an absolute scum slut corporate whore!
STAR CHILD

User ID: 37490700
10/15/2013 12:47 PM

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Re: Billionaires are quietly dumping their stocks
this should be pin
Anonymous Coward
User ID: 48164635
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10/15/2013 12:47 PM
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Re: Billionaires are quietly dumping their stocks
It will be all-time-high when the lights go out. Sheep need to be occupied by greed
PedroDeSapper

User ID: 3576547
United Kingdom
10/15/2013 12:57 PM
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Re: Billionaires are quietly dumping their 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.

_____________________________________________________


READ MORE AT THE FOLLOWING LINK:

[link to www.moneynews.com]



The writing is on the wall people!


 Quoting: Anonymous Coward 48365961


If he's liquidating stock, i'd love to know what he's doing with the money !

Follow the cash


cool2
Spam Killer
The Law west of Mumbai

User ID: 48111693
United States
10/15/2013 12:57 PM

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Re: Billionaires are quietly dumping their stocks
Y'all are aware this is OLDER THAN SHIT RIGHT?

August 2012- [link to investa.com]

Was even posted here back then.

deadhorse lmao
Vishal Rawat is my little bitch and he loves it.
Anonymous Coward
User ID: 48355034
United States
10/15/2013 01:00 PM
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Re: Billionaires are quietly dumping their stocks
jesus, moneynews has been pumping this same "story" across the web for 3 fucking years now.
Anonymous Coward
User ID: 48355034
United States
10/15/2013 01:00 PM
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Re: Billionaires are quietly dumping their stocks
this should be :pin:
 Quoting: STAR CHILD


bsflag
Anonymous Coward (OP)
User ID: 48365961
United States
10/15/2013 01:52 PM
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Re: Billionaires are quietly dumping their stocks
Sorry guys... I did not see the date on the article
Will check more carefully next time!

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