I’m really thinking of taking my IRA to a cash position within a week or two...
I am thinking of cashing in my country for two Blonds.
Just go to your buddy Obama and arrange for more favors. You know, like Obama deciding not to build the Keystone pipeline. That decision really helped your railroad stocks. Schmoozing Obama worked once. It'll work again.
... and so it begins...
Don't stop thinkin' about tomorrow, don't stop printing the trillions here...
We are sooo screwed.
5.56mm
No it isn't. Buffett is an insider trader only slightly less repulsive than George Soros in that he isn't quite as openly anti-American and anti-Capitalist.
If he's broadcasting dumping stocks, I'd take it with a grain of salt.
Yeah, the economy is in for a lot more hurt due to the effects of ObaMaoCare, among other things, but there are counter-cyclical stocks and ETF's to mitigate your risk. Don't forget that insiders like Soros and Buffett made BILLIONS from the last crash which they helped engineer.
Whatta laff.
The big money is moving because they know the game is up again.
It’s nothing more then a con game called “the masses lose their asses”.
Pump and run. That’s all they did. There are no “fundamentals” that supported any run up, other then massive money printing and debt creation.
The rubes were lured back in, they bought high, and now they’re gonna get stuck holding the bag again.
While Warren the Slime leaves town with his bucket of cash.
Singing, “Seeya, Suckers”
I think this is an ad to sell books.
The article on Newsmax has already run several times in the last few months. I remember reading it in the fall some time. It has the same information about big investors and also the same economist. I, too, believe the stock market is overvalued. But, this article is lacking in credibility. It should state how much each of the billionaires cited sold and when, for one thing. It needs other economists with differing views. As it is, it’s just a puff piece for Robert Wiedemer’s book Aftershock.
There is backroom talk of a savings tax. Not to mention Hitlery stated in it’s last presidential bid that it wanted to nationalize the 401Ks and IRAs and place them in the governmental till. And we wonder why they’re clamping down on ammunition.
Chapter 2: Prices are really, really low. The media and the financial gurus tell us the world is coming to an end. Lots more people cash out and the price gets scary low.
Chapter 3:Those billionaires who cashed out in Chapter 1 save the day. They buy up more stock than they ever had before and amass an even greater hold on global wealth.
I've read this book before.
Buffett selling Kraft Foods?
An outfit that makes buck-a-box macaroni dinners is a BUY in this economy IMO.
The world is about to see the collapse of the house of cards built in the US Stock Market as a direct function and result of quantitative easing (it in) by FedGov.
Buffett said the same about McDonald's. After he sold the stock, it took off. Buffett's made his money by gaming the system, not by picking stocks.
1...2...3...PANIC! Quick pull out all your money!
HAHAHAHAHA!
Got PMs?
Gold, silver, lead, copper, steel.
What was the publication date for this?
I watched the video and noticed references to Gold “soaring”.
Depends on the spelling and definition of soaring - buyers are probably sore.
But the general warning seems valid. Fidelity just sent me some crappola recommending exactly the sectors the article says that Buffet, et al. are dumping...
From 5/24/12 (http://www.moneynews.com/StreetTalk/Faber-100chance-recession/2012/05/31/id/440837?PROMO_CODE=FEA0-1):
“In a recent interview for his newest book Aftershock, Wiedemer says, ‘The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.’”
From 8/21/12 (http://www.moneynews.com/aftershock-2013?PROMO_CODE=FD05-1):
“In a recent interview to talk about his New York Times best-seller Aftershock, Wiedemer says, ‘The data is clear, 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation… starting in 2013.’”
So... any day now. The sky will fall. Buy his book. Meanwhile, our investment portfolio is up 43% from May 2012 (that first article), so pardon me while I ignore this book selling scaremonger. I have faith in U.S. corporations and I invest heavily in their stocks. (But even I feel that a correction may come this year. We are currently 20% in cash.)
Some folks invest only in gold, some only in blue chip stocks, some only in land, some in a bit of everything. Invest in however it allows you to sleep at night.