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Billionaires Dumping Stocks
LoP Guest
lop guest
User ID: 116502
09-17-2012 09:10 PM

 



Post: #1
shocked1 Billionaires Dumping Stocks
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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.


http://www.moneynews.com/Outbrain/billio...ODE=FE8A-1
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Gasmaskleopard
lop guest
User ID: 121614
09-17-2012 09:13 PM

 



Post: #2
RE: Billionaires Dumping Stocks
The rats are abandoning a sinking ship.
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JF Priest
Registered User
User ID: 47416
09-17-2012 09:14 PM

Posts: 29,648



Post: #3
RE: Billionaires Dumping Stocks
Gasmaskleopard  Wrote: (09-17-2012 09:13 PM)
The rats are abandoning a sinking ship.

Jhikpghf

Ron Paul 2012...The R3volution Continues: [Image: images_zpsd3499cd8.jpg]
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Full Circle
I love Watermelon
User ID: 118470
09-17-2012 09:18 PM

Posts: 23,057



Post: #4
RE: Billionaires Dumping Stocks
LoP Guest  Wrote: (09-17-2012 09:10 PM)
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.


http://www.moneynews.com/Outbrain/billio...ODE=FE8A-1

Well they've sucked the consumers dry. No one has money to consume. chuckle

“No one can tell what goes on in between the person you were and the person you become.”
― Stephen King, The Stand
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LoP Guest
lop guest
User ID: 121093
09-17-2012 09:24 PM

 



Post: #5
RE: Billionaires Dumping Stocks
Full Circle  Wrote: (09-17-2012 09:18 PM)
Well they've sucked the consumers dry. No one has money to consume. chuckle

The plan was to create a huge chaos and people go in violence trying to survive fighting ones to others. Also use of pandemias like H1N1 to decimate the population.

But there was "divine" (UFOs) intervention and the pandemic just disappeared.
And the chaos is bringing truths about all the corruption.

And more to come. Three more months of opening the eyes of the people so everyone can make the decission of what timeline they want to continue on. Then the split of timelines (after 21 December will be impossible to jump to the "other" timeline, so it is caled a split).
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LoP Guest
lop guest
User ID: 82273
09-17-2012 09:33 PM

 



Post: #6
RE: Billionaires Dumping Stocks
What did everyone expect, its a Obama's economy, everyone should know by now.
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Full Circle
I love Watermelon
User ID: 118470
09-17-2012 09:36 PM

Posts: 23,057



Post: #7
RE: Billionaires Dumping Stocks
LoP Guest  Wrote: (09-17-2012 09:33 PM)
What did everyone expect, its a Obama's economy, everyone should know by now.

You're nuts if you didn't see this coming way before Obama even got it. S977

“No one can tell what goes on in between the person you were and the person you become.”
― Stephen King, The Stand
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Moco
lop guest
User ID: 49195
09-17-2012 09:38 PM

 



Post: #8
RE: Billionaires Dumping Stocks
Gold is expensive and need to sell their ponzi holdings, to buy more.

When the market rallies for no reason, the reason might be the top is met and insiders are sellling.

Rich minions of the elite, buffy and paulsuck. Gates and his vaccines, too.
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LoP Guest
lop guest
User ID: 98692
09-17-2012 09:47 PM

 



Post: #9
RE: Billionaires Dumping Stocks
LoP Guest  Wrote: (09-17-2012 09:24 PM)
Full Circle  Wrote: (09-17-2012 09:18 PM)
Well they've sucked the consumers dry. No one has money to consume. chuckle

The plan was to create a huge chaos and people go in violence trying to survive fighting ones to others. Also use of pandemias like H1N1 to decimate the population.

But there was "divine" (UFOs) intervention and the pandemic just disappeared.
And the chaos is bringing truths about all the corruption.

And more to come. Three more months of opening the eyes of the people so everyone can make the decission of what timeline they want to continue on. Then the split of timelines (after 21 December will be impossible to jump to the "other" timeline, so it is caled a split).

I'll take my chances with the sociopaths then- New Agers
give me the heeby jeebies with all their crazy predictions,
pronouncements and personal judgements.

They seem to all be Young Communists too.
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LoP Guest
lop guest
User ID: 116749
09-17-2012 09:50 PM

 



Post: #10
RE: Billionaires Dumping Stocks
Full Circle  Wrote: (09-17-2012 09:36 PM)
LoP Guest  Wrote: (09-17-2012 09:33 PM)
What did everyone expect, its a Obama's economy, everyone should know by now.

You're nuts if you didn't see this coming way before Obama even got it. S977

Okay, so it's Clintons fault. He gave a great speech at the DNC,.. did you hear him? OMG - it's arithmetic!!

Lmao
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mudma
Registered User
User ID: 121642
09-17-2012 09:57 PM

Posts: 3,287



Post: #11
RE: Billionaires Dumping Stocks
They r buying up gold if they smart,its going to run out of availability before we know it.
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Full Circle
I love Watermelon
User ID: 118470
09-17-2012 09:58 PM

Posts: 23,057



Post: #12
RE: Billionaires Dumping Stocks
LoP Guest  Wrote: (09-17-2012 09:50 PM)
Full Circle  Wrote: (09-17-2012 09:36 PM)
LoP Guest  Wrote: (09-17-2012 09:33 PM)
What did everyone expect, its a Obama's economy, everyone should know by now.

You're nuts if you didn't see this coming way before Obama even got it. S977

Okay, so it's Clintons fault. He gave a great speech at the DNC,.. did you hear him? OMG - it's arithmetic!!

Lmao

S977 I don't listen to your stupid political leaders. And this has been going on for *gasp* even before clinton, and before you were even born.
S977

“No one can tell what goes on in between the person you were and the person you become.”
― Stephen King, The Stand
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Omega r.i.p.
Registered User
User ID: 69665
09-17-2012 10:09 PM

Posts: 21,027



Post: #13
RE: Billionaires Dumping Stocks
LoP Guest  Wrote: (09-17-2012 09:50 PM)
Full Circle  Wrote: (09-17-2012 09:36 PM)
LoP Guest  Wrote: (09-17-2012 09:33 PM)
What did everyone expect, its a Obama's economy, everyone should know by now.

You're nuts if you didn't see this coming way before Obama even got it. S977

Okay, so it's Clintons fault. He gave a great speech at the DNC,.. did you hear him? OMG - it's arithmetic!!

Lmao

Actually it IS Clintons fault. Glass Steagall was repealed under his watch which allowed the heavies to create all those exotic securities that crashed the real estate market and credit markets.

The lesson of Long Term Capitol Management applies too-also under Clinton's watch...

Damned

For he hath fallen from his exaltation,
and received his portion.' (D&C 132:39).
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LoP Guest
lop guest
User ID: 91655
09-17-2012 10:09 PM

 



Post: #14
banana RE: Billionaires Dumping Stocks
Okay, so it's Carters fault
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Karu
Registered User
User ID: 15554
09-17-2012 10:27 PM

Posts: 6,594



Post: #15
RE: Billionaires Dumping Stocks
Bump

If society fell apart, we - the people would build a new one. Most people are good at their core, and when we see things that are wrong we work to fix them together. Make friends with your neighbors, get involved with your community - because we will rebuild our lives, our communities, from horrible circumstances we always will.
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