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glassman
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Billionaires Dumping Stocks, Economist Knows Why

Wednesday, 03 Oct 2012 12:19 PM

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.

http://www.moneynews.com/Outbrain/billionaires-dump-economist-stock/2012/08/29/i d/450265?PROMO_CODE=FFAD-1&utm_source=taboola

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Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
glassman
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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.


i dunno about a 90% correction if they mean the DOW goes to 10% of it's current value, but a correction is due.... overdue IMO

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Don't envy the happiness of those who live in a fool's paradise.

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IWISHIHAD
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I completely agree a fairly big downward correction!


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Posts: 3875 | From: ca. | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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