I Don't Mean to Scare You, but Have You Seen this Shit? It's Pretty Scary

You can think and say whatever you want about these two dudes...













...they have been correct about what’s going to happen in American and world markets, more often than they’ve been wrong.




source: ftmdaily.com

Billionaire Investor George Soros Bets $1.3 Billion on U.S. Stock Market Crash

SOROS DOUBLES DOWN ON BEARISH BET

The man who made $1 billion on a single trade shorting the British Pound back in 1992 is now wagering that U.S. stocks will experience a sharp correction in 2014. According to the latest 13F filed by Soros Fund Management, LLC made available last Friday, George Soros has dramatically increased his “put” position on the S&P 500 ETF (SPY) in the fourth quarter of 2013. In fact, the negative bet by Soros last quarter represents a huge 150%+ increase from his position in the third quarter. (A “put” option is bought by investors who believe that a particular security is going to decline in price, and gives the investor the right, but not the obligation, to sell a security at a set price during a specified time.)




And if that’s not enough for you, there’s this:


source: newsmax.com

Billionaires Dumping Stocks, Economist Knows Why

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.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.





8 comments:

  1. Replies
    1. I think we will fare better than the helpless liberals.

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  2. They've been correct for the fundamental reason that in many instances what has happened
    has been part of efforts on THIER part. These two are major players, big time puppeteers who
    say jump and have politicians shout "how high". Much of what has transpired has done so because of their involvement. So of course they have been correct in their predictions about
    what is coming. They are behind much of it.

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    Replies
    1. Dan - I believe what you say is correct. I have a feeling that they have been manipulating the markets, but I don't have any proof of it. If you have some, send me a link and I will post it. Like I said, I suspect that everything you say is true, but even if it is, a major crash in the stock market will be devastating for us.

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    2. Trust your guts, boys. What we are seeing now is smoke and mirrors and bluffing and our eyes can't be trusted.

      Back in the Dirty 30's Grandma kept the family money hidden in a tin, or under the floorboards or stuffed in a sock. Those kinds of 'investment strategies' are going to be required again.

      Get out of debt, and keep your cash and guns close.

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    3. Glen - You are right. Maybe it's time to start shifting our focus from investing in financial assets for retirement to investing in things that will keep us alive.

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    4. Amen on that..I think were to focused on a future that will not exist when we arrive...I think the powers that be are focused on what the see as the future and that's why we can't understand why they are doing what they do and that to us is pure insanity..If we can't wrap our minds around what is coming down the pike and start preparing for it then if we are going to be swept away...We need to be looking at what is happening with their eyes so we know what is coming...

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    5. lineman -"I think were to focused on a future that will not exist when we arrive." That's a good line. I will have to remember that one. I think that it will turn out to be very true indeed.

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