Senin, 07 Januari 2013

Billionaires Dumping Stocks, Economist Knows Why

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.

All the signs of a bad consumer economy are out there. http://burndownthefreakingmission.com

Posted via email from iPT Perpetual Traveler

Sabtu, 05 Januari 2013

Barnhardt.biz - Commodity Brokerage

Barnhardt.biz - Commodity Brokerage: 2. My license plates are a contraction of the Greek phrase "Molon Labe". MOLNLBE. Molon Labe means "come and take them" and is the battle cry for the right of self-defense, and of all badasses of good will, in general.

In 480 BC King Leonidas led a phalanx of 300 Spartan soldiers to the Hot Gates of Thermopylae in a delaying action at the onset of the Persian invasion of Greece by Xerxes I. Xerxes, with his army and navy of many, many thousands, sent a message to the 300 Spartans at the onset of the battle. The message was, "Spartans, lay down your weapons."

King Leonidas replied, "Molon labe." Come and take them.