One important warning sign of our nation's future.....

[Tyr-Ziu Saxnot]

http://www.moneynews.com/MKTNews/bil...source=taboola

Tags: billionaires | dump | economist | stocks

Billionaires Dumping Stocks, Economist Knows Why



Wednesday, 29 Aug 2012 05:32 PM
By Newsmax Wires



Share:

• in[COLOR=#333333 !important]Share

• [COLOR=#04558B !important]78[/COLOR

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.

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.

Editor’s Note: Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview.
[/COLOR]
Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/bil...#ixzz2FowofLko


----------------------------------------------------------------------------------------------------------------------------
Looks like obama has clued a few of his friends in on just how destructive he will be in his second term!!
My suggestion is 1.gold, 2.more guns 3. more ammo.. Survival being paramount numbers two and three more important.!-Tyr

[logroller]

http://www.moneynews.com/MKTNews/bil...source=taboola

Tags: billionaires | dump | economist | stocks

Billionaires Dumping Stocks, Economist Knows Why



Wednesday, 29 Aug 2012 05:32 PM
By Newsmax Wires



Share:

• in[COLOR=#333333 !important]Share

• [COLOR=#04558B !important]78[/COLOR

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.

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.

Editor’s Note: Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview.
[/COLOR]
Read Latest Breaking News from Newsmax.com http://www.moneynews.com/MKTNews/bil...#ixzz2FowofLko


----------------------------------------------------------------------------------------------------------------------------
Looks like obama has clued a few of his friends in on just how destructive he will be in his second term!!
My suggestion is 1.gold, 2.more guns 3. more ammo.. Survival being paramount numbers two and three more important.!-Tyr

I don't think billionaires get clued in by Obama; more likely the opposite. Any guess as to where that divested money was reinvested? Not likely it was gold guns and ammo. Maybe take a clue from the billionaires. The market surely does.

[Tyr-Ziu Saxnot]

I don't think billionaires get clued in by Obama; more likely the opposite. Any guess as to where that divested money was reinvested? Not likely it was gold guns and ammo. Maybe take a clue from the billionaires. The market surely does.

Well if guesses count so much with you my friend , I'd say they reinvested it in something other the United States!
Its a big world out there and obama is making sure to cut us down to size.--Tyr

[logroller]

Well if guesses count so much with you my friend , I'd say they reinvested it in something other the United States!
Its a big world out there and obama is making sure to cut us down to size.--Tyr

Some guesses are better than others.

[SassyLady]

I heard they were divesting themselves now (in 2012), when capital gains and dividend taxes are lower and then reinvesting. If someone has been holding investments for a long time, and they've had large gains, then sell now to pass less tax. Repurchase and then when selling in the future, the investor has reduced the actual lifetime gain on the investment. But what do I know about the investment community? Just sounded plausible to me.

[Gaffer]

When the shit hits the fan gold is about as useful as a painting of the Mona Lisa. Can't eat it, can't use it to defend yourself,can't use it for shelter, can't do anything with it but look at it. Your better off spending your money on shelter, food and weapons.

[Tyr-Ziu Saxnot]

When the shit hits the fan gold is about as useful as a painting of the Mona Lisa. Can't eat it, can't use it to defend yourself,can't use it for shelter, can't do anything with it but look at it. Your better off spending your money on shelter, food and weapons.

I agree but the ideal to have gold is to plan for wealth in a restoration of order.

[SassyLady]

You have to survive in order to rebuild ... survival first.

[SassyLady]

When the shit hits the fan gold is about as useful as a painting of the Mona Lisa. Can't eat it, can't use it to defend yourself,can't use it for shelter, can't do anything with it but look at it. Your better off spending your money on shelter, food and weapons.

Got the shelter, food and weapons ... now just need to start accumulating ammo. Living in CA makes that difficult so I buy ammo in AZ with cash .... never buy any of this online.

[aboutime]

Something else it seems everyone often forgets when it comes to survival. And I learned about this the Hard Way, after living in the target zone of many hurricane's over a long period of years. And that is....CASH. Cold, Hard, Bills.

Granted. They are losing their worth with the economy but... When the POWER goes down for any reason over large area's. It has been shown to stay down for more than just a few days.

And..when you have No Electrical Power. ATM's, VENDING MACHINES, GAS PUMPS, and even CELL PHONE TOWERS "STOP WORKING".

If you have no cash, and depend on any form of banking....checks, debit cards, credit cards. YOU ARE OUT OF LUCK.

Always make it a point to keep a stash of Cash available. IT COULD SAVE YOU, AND YOUR FAMILY.

[SassyLady]

And, make sure those bills are not large ones ... you don't want anyone telling you they can't make change and you have to give them all of it. Never have anything over $20 bills.....and never keep it all in one place.

[logroller]

Got the shelter, food and weapons ... now just need to start accumulating ammo. Living in CA makes that difficult so I buy ammo in AZ with cash .... never buy any of this online.

Too late SL, end of the world was Friday.

[Kathianne]

Too late SL, end of the world was Friday.

That didn't pan out. Damn! LOL!

[Robert A Whit]

If you are correct, the proof will show up after Jan 1. Will somebody please keep an eye on those investors and report back what they did after new year? (Sassy and it is message #5)

Thank you if you accept the assignment. (any stock expert)I personally am not real well versed in stocks as to being deeply involved. I don't buy and sell in other words.

[aboutime]

Too late SL, end of the world was Friday.

Imagine how disappointed the believers were. Finding out how all of the stuff they Maxed-out their credit cards on...put them in the Poor House until the Next Doomsday arrives.