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Market Collapse In Process? Billionaires Continue To Dump U.S. Stocks, Traders Are Betting Against U.S. Economy!!

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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.

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
….
No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that’s why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag.

Google Inc Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search

Google  Inc. chairman Eric Schmidt plans to sell up to $2.51 billion of his share in the company, according to a Securities and Exchange Commission filing late Friday.

http://articles.marketwatch.com/2013-02-08/markets/36990257_1_shares-of-google-stock-eric-schmidt-plans

Venezuela devalued its currency, the bolivar, the country’s Finance Minister Jorge Giordani said Friday. President Hugo Chavez ordered the move from Cuba, the minister said


Read more at http://investmentwatchblog.com/



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    • ElOregonian

      Buffet, prick made a fortune backing Barry through crony-capitalism. Now that vulture has picked our carcass clean he wants to move on. Justice will be served, either in this life, or in the afterlife… Nobody gets completely out without paying for their sins.

    • Fake-it

      They’ll keep rigging the markets for at least two more years.
      So, no cataclysmic sell-off yet.
      Correction would be a better word.

    • PATH TO THE 5TH DIMENSION

      See this is where your wrong. They know the exact date and time the market will collapse.

      Fill the pantry to overflow buy as much silver as you can get your hands on. This ship is going

      down and soon. If you can’t see it all I can say is your normalcy bias has effected your thinking.

      Do you see whats going on around the world. What countries are teaming up against the dollar.

      Its been in the press China wants to be the new reserve currency. When that hits the monopoly money we play with will be next to nothing. We went 6 trillion over budget in 1 year. Wake up and buy something of value. I am not gloating I wish it were not true. But Japan will fall first then the EU then the US. It makes me sad that a once great nation has been torn apart by a bunch of theives.

    • Pharisees.org

      Reported UBS reclassifies significant bond investor clients from conservative to speculative. Pending huge devaluation and perhaps collapse of bond market. Everyone should know that the gig is almost up since Fed Reserve is the primary buyers of US Treasury debt and of mortgage debt. Wall Street kept propped up with phoney money funneled to Fed Reserve lackey hedge funds and investment banks.

      Buffet is a servile servant of the Rothschild banking empire.

      /watercooler-topics/2013/02/nwo-black-pope-speaks-2431588.html

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