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Billionaires Quietly Dumping Massive Amount Of Stocks 90% Market Correction Predicted!

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I think this is a very bad sign, suggesting a market collapse impending. Great article.

Tuesday, 07 May 2013 07:49 PM

By Newsmax Wires


 

 

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.

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.

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?


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

 
 
The dumping of the bank stocks is most concerning. I believe the banks are about to collapse, trapping peoples money and sending us into and overnight downward spiral. Scary times indeed.
 



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    Total 8 comments
    • wizard

      Fear porn

    • John

      The total collapse of the world’s corrupt economic system is something to look forward to. Clearly it serves the rich at the expense of the poor. From the ashes of the old system, a new one will be built that is truly for the people.
      The impending collapse will mark the end of a dark era for mankind and the beginning of a new era where everything will become “by & for the people”.

    • fuzzy696

      A sign to all americas to pull your goods and money from all the banks……..fear porn I don,t think so,so you leave your money in the bank and when it happens we,ll see who is better off.

      • SolidNoAssumptions

        Yea Genius, do that, and when the government banks can’t cover you SSI Disability, then you will blame the bank you have no clout. It’s going to be a lot time before the economy will collapse again. It will as long as Bernanke continues to keep printing money. This will create a rise in inflation. Retail Sales would the plummet. It’s going to take a while for any of this to happen. It’s human nature, what goes up much come down. However with the markets, its’ just enough drama to keep the market level for awhile maybe another 5-10 Years. So start planning and stop listening to the non-fear monger. They enjoy watching an negative view point until you get involved.

        Peace T-56 Trans Am WS 6.

        • stompk

          Sounds like a good idea to me. Remove the losers who call themselves middlemen.

    • Chuck Wheeler

      They can have a financial collapse , It wont bother me or alot of my friends, we’ve been unemployed for at least 2 & 3 years now, we are coming from $49,000.00 per year to doing odd jobs at $10,000.00 per year & less .. We a bunch of patriots are waiting for the Impeachment or Arrest of Obama and life should get back to normal in a few years, if not , we’re all poor we can make it in life cause we know how to do without ..Its the ones working as of today and the elite that will suffer due to the econemy .. The goverment or the military or we the people best get this FRAUD out of the White House very fast .. I dont speak Chinese or Russian or Arabic, if ya dont want to live as these countries do live — you best do your job as Americans and clean out the White House ,,,, :eek:

      • stompk

        You’re not alone.

    • anonymous

      As the leader in spiritual criminals and false witnesses, Americans face a 90% correction in these areas too.

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