Stock Market at all-time high - But no celebrations

**Big Smoothy** · 03-13-2013, 08:24 AM

We've been hearing about this new high, but we don't hear about any celebrations. I even checked my portfolio online after intentionally keeping my head in the sand after 2008. I was quite surprised (in a good way). The Asia funds are doing very well.

As for Widemer, a 90% drop is a bit of a stretch, me thinks. Nevertheless, when he speaks we ought to listen. I want to sell a good portion of my portfolio but do not know where to park the money.

We are we headed?-----

Billionaires Dumping Stocks, Economist Knows Why

Wednesday, 06 Feb 2013
By Newsmax Wires

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.

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.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It?s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Editor?s Note: Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview.

Before you dismiss the possibility of a 90% drop in the stock market as unrealistic, consider Wiedemer?s credentials.

In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America?s Bubble Economy.

The book quickly grabbed headlines for its accuracy in predicting what many thought would never happen, and quickly established Wiedemer as a trusted voice.

A columnist at Dow Jones said the book was ?one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy that helped avoid the forty percent losses that followed . . .?

The chief investment strategist at Standard & Poor?s said that Wiedemer?s track record ?demands our attention.?

Entire: Billionaires Dumping Stocks, Economist Knows Why

**LAM** · 03-13-2013, 10:57 AM

the 2008 financial crisis has permanently altered the US economy. consumption patters will never get back to pre-recession levels because it was unsustainable with all of the mortgage debt from the manufactured housing bubble. with out real income growth for the 3 lower income quintiles there is simply nothing good coming down the road for the US economy or the majority of the population. the powers that be have designed a totally unsustainable economy.

there are not many positive places to invest monies in the US anymore. mostly nothing but overvalued assets, hence the continuous asset bubble/burst cycles we have been experiencing since the 80's. the real economy is toast.

**heavyiron** · 03-13-2013, 02:05 PM

Buy low, sell high. Its pretty simple.

**Swiper** · 03-13-2013, 04:57 PM

it's all phony built on debt. the Feds just keep printing 85 Billion a month with no end in sight. the govt once again is building a bubble that's gonna burst again.

**LAM** · 03-13-2013, 06:08 PM

Originally Posted by Swiper

the govt once again is building a bubble that's gonna burst again.

the government that works for lobbyists and special interest groups thanks to the the financialization of the US economy which has greatly increased the concentration of wealth since the 80's. the financial sector is going to be the demise of the US.

**Big Smoothy** · 03-14-2013, 02:06 AM

Originally Posted by heavyiron

Buy low, sell high. Its pretty simple.

I learned that in the 5th grade stock games we played in elementary school.

Pretty simple?

Thanks, Heavy Iron.

Can you tell me.

1. where to put my portfolio at the moment?

2. And what allocation for stocks, bonds, PMS, RE?

Thanks for the help. I'm waiting for your answer.

**Dale Mabry** · 03-14-2013, 10:14 AM

In about 6 hours I'm going to be at an all-time high as well, but there will be celebration.

**BP2000** · 03-14-2013, 10:29 AM

Originally Posted by Big Smoothy

I learned that in the 5th grade stock games we played in elementary school.

Pretty simple?

Thanks, Heavy Iron.

Can you tell me.

1. where to put my portfolio at the moment?

2. And what allocation for stocks, bonds, PMS, RE?

Thanks for the help. I'm waiting for your answer.

Buy apple right now its at 430$ and will go over 500 this year.

**heavyiron** · 03-14-2013, 08:52 PM

Originally Posted by Big Smoothy

I learned that in the 5th grade stock games we played in elementary school.

Pretty simple?

Thanks, Heavy Iron.

Can you tell me.

1. where to put my portfolio at the moment?

2. And what allocation for stocks, bonds, PMS, RE?

Thanks for the help. I'm waiting for your answer.

Only dunces buy that stuff.

Buy high capacity magazines, AR-15's and a boat load of ammo like I did 15 years ago.

**LAM** · 03-14-2013, 09:06 PM

Originally Posted by heavyiron

Only dunces buy that stuff.

Buy high capacity magazines, AR-15's and a boat load of ammo like I did 15 years ago.

the economy isn't set to collapse for 30-40 years. plenty of time to buy all that stuff. most of us will be on our way out when the shit really hits the fan. it's the children of today that need to be prepared for the lack of a future that's waiting for them.

**LAM** · 03-15-2013, 12:51 AM

Smoothy....check out chip manufacturer MediaTek out of Taiwan

**BP2000** · 03-15-2013, 08:14 AM

Originally Posted by LAM

Smoothy....check out chip manufacturer MediaTek out of Taiwan

that stock is on the grey market in scottrade. Not sure what that means?

**heavyiron** · 03-15-2013, 09:03 AM

Originally Posted by LAM

the economy isn't set to collapse for 30-40 years. plenty of time to buy all that stuff. most of us will be on our way out when the shit really hits the fan. it's the children of today that need to be prepared for the lack of a future that's waiting for them.

Yeah, my kid will be inheriting my weapons and ammo.

High cap clips and assault style weapons will be banned very soon so time is running out. Might check the gun laws. They are changing rapidly because of the dems.

**Prince** · 03-15-2013, 09:44 AM

The stock market is no indication, good or bad, in relation to the US economy. The wealthy own the majority of all stocks.

**LAM** · 03-15-2013, 02:32 PM

Originally Posted by BP2000

that stock is on the grey market in scottrade. Not sure what that means?

I just know they are an up and coming chip manufacture for cell phones. globally there is something like close to 1B cell phones out there and MediaTek is trying to bring the costs down low enough to make a sizable dent in the remaining 6B that don't.

I don't really fuck with US company's when it comes to stocks. most of them are so burden with debt most of which is on off-balance sheets the company's themselves have very little in equity.

**Swiper** · 03-15-2013, 02:51 PM

Originally Posted by LAM

I don't really fuck with US company's when it comes to stocks. most of them are so burden with debt most of which is on off-balance sheets the company's themselves have very little in equity.

but they're making record breaking evil profits with massive amounts of money in their bank accounts while not hiring a single person.

**LAM** · 03-15-2013, 02:54 PM

Originally Posted by Swiper

but they're making record breaking evil profits with massive amounts of money in their bank accounts while not hiring a single person.

I may be a lot of things but a hypocrite is not one of them. i'm fortunate as money is the least of my worries at this point in my life. that being the case i've tried my best to not make profits off the backs of my fellow Americans that have far less than I.

**Prince** · 03-15-2013, 02:58 PM

Buy gold because pretty soon the US dollar will be worthless! Lol

**LAM** · 03-15-2013, 04:06 PM

Originally Posted by heavyiron

Yeah, my kid will be inheriting my weapons and ammo.

High cap clips and assault style weapons will be banned very soon so time is running out. Might check the gun laws. They are changing rapidly because of the dems.

I wouldn't call a couple of states rapid change. even the proposed bills by the senate panel aren't going anywhere since the GOP controls the House. which miraculously might actually cause House republicans do some good for once by stopping them there.

Thread: Stock Market at all-time high - But no celebrations

Thread Tools

Display