I tend to agree. We are only one event away from a market reversal. All it takes is one black swan and the whole thing will fall like the house of cards it is.
Meh, it’s obvious. The market is like a slow moving sine wave. Guess what? It’s at another zenith. It will crash to another low and then do it all again - until the “BIG” crash. But whenever markets hit highs in this particular economic climate, it’s a HUGE signal to get the hell out.
Has the genius of Omaha = UP sold his BNSF holdings?
But low, sell high. Stocks are high right now. They will buy them back after they create a panic by selling them off.
That’s how they became billionaires.
“These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,” said Wiedemer.
The Fed isn't printing money to stimulate the economy. They are printing it to monetize the debt, paying it down with made up money so people will keep buying bonds. That money will never make it to the market.
THE SKY IS FALLING!
not really.
methinks/knows this is so 2012, as on/around August 14. Just check out when BH filed the 13-F for the Intel sale....
Buffett may be getting out of consumer staples because those particular stocks are getting too expensive. JNJ recently not only hit a 52-week high - it hit an all-time high. Consumer staples are a safe haven. People buy toothpaste and band aids regardless of the economy. That he's getting out may indicate that he believes the worst is over, and it's take to take on more risk. Perhaps he'll begin buying more consumer cyclicals like automotive and retail stocks.
As of the last SEC filings, over 60% of Berkshire Hathaway’s portfolio is in four stocks, Wells Fargo, Coca Cola, IBM, and American Express. The majority of the other stocks comprise less than 1% of the portfolio.
The URL itself shows the article was from 8/29/2012. As it turns out, Paulson was way early in his decision to sell JPM. He sold in the mid to high 30’s. It’s now in the low 60’s.
Well, somebody must be buying the stocks they’re selling, because the market is near record highs. I don’t think it’s poor people, either.
Aren’t these all leftist billionaires? What do they know about the next coming executive orders?
This so-called news article is a poorly disguised advertisement for Robert Wiedemer, who has a long history of selling doom and gloom through NewMax. There are also a number of reports on the internet criticizing NewMax for pushing Weidemer’s crap for “free,” plus $6.00 for shipping and handling. I can smell this scam from a thousand miles away.
Our stock holdings are up 14 percent for the year.
I think these guys would have made a lot more money if they hadn't sold these stocks back in 2012. LOL!
“. Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase according to a recent filing. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee. “
Uh, this was in 2012 ....
Is this article a reprint?
Later
Referencing Paulson is hilarious. Dude’s hedge fund lost 25% last year. That was almost impossible.
Oh Goody
More NewsMax clickbait
What Weird Trick are they selling?