Billionaires Dumping Stocks, Economist Knows Why

Billionaires Dumping Stocks, Economist Knows Why

By cmaukonen on Thu, 02/07/2013 - 10:47am |

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: .

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 . . .”

[Humm........]

URL:

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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12000 points. What a depression that would make.

by cmaukonen on Thu, 02/07/2013 - 10:49am

It would be a better article if it said what Buffet was moving his money into as well. He has to put in somewhere.

Here's something on fund flows you may find interesting:

The great rotation: Not so great, and not even really a rotation | FT Alphaville

by EmmaZahn on Fri, 02/08/2013 - 2:03pm

Well, turns out Warren Buffett may have been dumping "stocks" so he could buy H.J. Heinz in partnership with 3G Capital. Another predictor of economic doom down the drain, sorry Wiedemer’....

And NYTimes' front page print edition today reported that there's a lot more mergers and acquistions activity going on overall, meaning something like this: a lot more confidence among "billionaire" types in potential of profit in the real economy, over playing the daily Dow roulette wheel with high prices.

by artappraiser on Fri, 02/15/2013 - 6:33pm

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