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Topic: billionaires are quietly dumping their American stocks?

glassman
Member

posted

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 |

glassman
Member

posted

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.

Posts: 36378 | From: USA | Registered: Sep 2003 | IP: Logged |

IWISHIHAD
Member

posted

I completely agree a fairly big downward correction!

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Posts: 3875 | From: ca. | Registered: Jul 2005 | IP: Logged |

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