Author Topic: Billionaires Dumping Stocks, Economist Knows Why (Read 690 times)

Binechi · « **on:** January 03, 2014, 06:53:54 PM »

Billionaires Dumping Stocks, Economist Knows Why

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 Latest Breaking News from Newsmax.com http://www.newsmax.com/Outbrain/billionaires-dump-economist-stocks/2012/08/29/id/450265#ixzz2pO1k7haE
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Iuvenalis · « **Reply #1 on:** January 05, 2014, 03:10:06 AM »

I feel like, to refer to 'billionaires' in the plural, this 'article' should talk about more than Buffett.

Anyway, Buffett's company, Berkshire Hathaway, has a couple different people managing their equities (stock) positions. Buffett certainly could direct some sales or 'dumping,' but most of the activity is carried out by other people than Buffet himself.

That being said, this 'article' is horribly out of date, these position changes were disclosed in the 13F filings for Berkshire Hathaway back in March (so, reflecting a quarter before that, so these moves were technically made back in *2012*.

Lastly, 'he' sells, 'he' (or his company) buys too.

Berkshire has reduced their positions in Johnson & Johnson while taking a huge and much larger position in ExxonMobil. A big position in National Oilwell Varco, energy company SunCo and Dish Network.

You can look up the 13F's for Berkshire every quarter, they're public docuмents.

Berkshire at least isn't 'dumping' stocks.

Maybe some other billionaires are, but you can't prove it, so someone could just as easily say 'they' are swiping up stocks left and right.

Somebody surely is, since the market has been on a tear this last year. An unbelievable tear which shows no signs of abating. This buying sure doesn't appear to be 'retail' investors (regular schmoes) since most anyone with any money still left in their 401k after the last 5-6 disastrous years hasn't jumped back into this market.

Croix de Fer · « **Reply #2 on:** January 11, 2014, 07:06:20 PM »

Sooner or later, the Fed is going to taper or stop the "funny money" scheme known as quantitative easing, and interest rates will be going up. When this happens, the stock market will take a nose dive. They know for certain this will happen because it is all by design. None of this is by accident or random occurrence. It's an engineered collapse of the economy and stock market in the making. The bankster-controlled government has been buying more time with QE, while putting things into place that give them greater ability to quell any dissent from the people that will inevitably happen when their food stamps run out; a loaf of bread costs $25; their meager bank accounts are frozen and stolen to pay for bail-ins; they can no longer live off of illusory credit/debt; etc. Such things that have been put in place are drones flying in U.S. skies; the feds donating military hardware to state and local police; billions of rounds of ammo acquired by the feds; NDAA; etc. None of these developments the past few years is just a coincidence.

Author Topic: Billionaires Dumping Stocks, Economist Knows Why (Read 690 times)

Binechi

Billionaires Dumping Stocks, Economist Knows Why

Iuvenalis

Billionaires Dumping Stocks, Economist Knows Why

Croix de Fer

Billionaires Dumping Stocks, Economist Knows Why