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<blockquote data-quote="Babagounj" data-source="post: 1037348" data-attributes="member: 12952"><p>Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.</p><p style="text-align: left"><span style="color: #000000">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.</span></p> <p style="text-align: left"><span style="color: #000000">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.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">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.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.</span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000">One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book <em>Aftershock</em>. </span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"><strong><span style="color: #0000FF">Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview</span></strong>.</span></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000">Read more on Newsmax.com: Billionaires Dumping Stocks, Economist Knows Why </span></span></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"></span></span></span></span></p> <p style="text-align: left"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"><span style="color: #000000"></span></span></span></span></p></blockquote><p></p>
[QUOTE="Babagounj, post: 1037348, member: 12952"] Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. [LEFT][COLOR=#000000]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. 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. It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%. [COLOR=#000000] One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book [I]Aftershock[/I]. [COLOR=#000000][B][COLOR=#0000FF]Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview[/COLOR][/B].[/COLOR][/COLOR][/COLOR] [COLOR=#000000][COLOR=#000000][COLOR=#000000][COLOR=#000000]Read more on Newsmax.com: Billionaires Dumping Stocks, Economist Knows Why [/COLOR][/COLOR][/COLOR][/COLOR][/LEFT] [/QUOTE]
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