Billionaires Dumping Stocks, Economist Knows Why

[mocgator]

Seems like a few people in the know are planning their exit strategies... Now... back to guns and gay rights...

http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola

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.

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.

[cocodrilo]

The country is in good hands.

[Lawdog88]

Berkshire just announced to purchase Heinz.

Ketchup is better than stock.

[MichiGator2002]

Is it proper etiquette to put stocks on a hot dog?

[reformedgator]

The country is in good hands.

All State probably would do a better job than the current bunch.

[MichiGator2002]

All State probably would do a better job than the current bunch.

It has a nice synergy, since I think Dennis Haysbert's played a better President than anyone has portrayed in DC since Reagan.

[dangolegators]

Here's a guy on Youtube reading the exact same story back in September 2012 if you guys don't feel like reading the story yourselves. This is very important information, and you guys should act immediately and buy Robert Wiedemer's book, Aftershock.

http://www.youtube.com/watch?v=3GemVImyeXc

[bluelang]

There is never a day where billionaires aren't dumping stock. It's called "money management."

[JerseyGator01]

It's mega-merger time which usually isn't good news for jobs which then often isn't good news for stocks. Obama = Wall Street's best friend and not a bad neo-con too.

CORRUPTION RULES!!!!!

[VAg8r1]

Note the dates of the articles:

Execs Are Dumping Stock. Is It Time to Sell?
As stocks have soared, top executives and other insiders appear to have turned bearish. Should you follow their lead?

By YUVAL ROSENBERG, The Fiscal Times
March 28, 2012
link (http://www.thefiscaltimes.com/Articles/2012/03/28/Execs-Are-Dumping-Stock-Is-It-Time-to-Sell.aspx#RO8f97bpKhdWpRUy.99)

Another:
Insiders Dumping Stocks At An Astonishing Rate: Should You Follow?
By Andrew Mickey updated November 5, 2010 link (http://www.dailymarkets.com/stock/2010/11/05/insiders-dumping-shares-at-an-astonishing-rate-should-you-follow/)

Insiders sell like there's no tomorrow
Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?

By Colin Barr, senior writer
Last Updated: September 12, 2009: 7:25 PM ET
CNN Money (http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm)

[gregthegator]

What the TOTAL HYPOCRISY of it all...the failure to mention that SAID companies stocks being dumped...(ie...pick ANY one)...just printed ANOTHER million or 10 million or MORE in stock options and shares...

[northgagator]

It has a nice synergy, since I think Dennis Haysbert's played a better President than anyone has portrayed in DC since Reagan.

+1

I don't know of he is left or right but I believe he would be more likable then a lot of others who occupied the Oval Office.

[g8orbill]

so being more likable is now more important than being a good prez- we have done a great job of dumbing down our population and your prez has done a great job with his class warfare mantra

the ........ is a zero as a leader and has done zilch to solve our problems-but he sure is a likable cuss

[exiledgator]

so being more likable is now more important than being a good prez-

Now? Where you been, man?

[Row6]

Shouldn't this thread be merged with mocs immediate post election crowing about the looming crash? Or maybe this was a hot tip from George "Romney's going to win" Will.

[bluelang]

What the TOTAL HYPOCRISY of it all...the failure to mention that SAID companies stocks being dumped...(ie...pick ANY one)...just printed ANOTHER million or 10 million or MORE in stock options and shares...

Huh?

[Minister_of_Information]

That sounds like a list of defensive names Buffett is dumping.

A lot of the news and analysis coming out of Wall Street is semi-overt market manipulation. Some of the pros stayed on the sidelines too long and now want to talk down the market so they can find a nice entry point to go long. That's what they don't tell you.

[Burke]

When the money printing stops, the market will crash.

The QE stuff is mostly a subsidy for the market.

Bernanke is going to keep printing money until the dollar collapses.

So, I suspect the dollar and the market will crash at about the same time.

This is why they are calling it a "political economy."

[chemgator]

There is never a day where billionaires aren't dumping stock. It's called "money management."
They typically also buy stocks, which is also called "money management". When they sell stocks and don't buy other stocks or buy them somewhere else, then there is a reason for concern. It's called "common sense".

[jimgata]

Common sense? We abdicated common sense 4 years ago.