Salient to Investors:
Berkshire Hathaway has been drastically reducing his exposure to stocks that depend on consumer purchasing habits, including Johnson & Johnson and Intel.
John Paulson in Q2 2012 dumped 14 million shares of JPMorgan Chase, his fund’s entire position in Family Dollar and Sara Lee.
George Soros recently sold nearly all of his bank stocks, including JPMorgan Chase, Citigroup, and Goldman Sachs.
Robert Wiedemer expects a large drop in the stock market due to the reckless Fed printing a massive amount of money out of thin air in an attempt to stimulate the economy – once these funds pass through the reserves and hits the markets, inflation will surge, causing interest rates to increase dramatically and real estate values to collapse, causing the stock market to collapse.
Wiedemeyer says companies will be spending more on borrowing costs than business expansion costs, causing lower profit margins, dividends, and hiring, and more layoffs.
Read the full article at http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola.
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