bacpacker
08-22-2012, 01:15 AM
I've been following some information on the net about recent sell off activities of some notable folks. Here are some examples.
http://finance.yahoo.com/news/goldman-sachs-dump-stocks-fiscal-141901421.html;_ylt=AnbpApPvAff_OBYzp2e_almiuYdG;_ ylu=X3oDMTQ4Nm45bzJvBG1pdANDTkJDIFRvcCBTdG9yaWVzBH BrZwM1ZTI0MGIxYi0yZjc4LTMxMDAtYjAzYy05NWUwYWY3MGMw YTAEcG9zAzEEc2VjA01lZGlhQkxpc3RNaXhlZExQQ0FUZW1wBH ZlcgMwMzU0YTUxMS1lYjljLTExZTEtOTRmZi00NjVkZGM5ZjQz Mzc-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
"You can sense almost an air of desperation from David Kostin, Goldman Sachs chief U.S. equity strategist, in his latest note to clients as he pleads with them to take money out of stocks before they fall off the fiscal cliff.
In the note, Kostin vehemently defends his year-end S&P 500 (^GSPC) target of 1250 despite the benchmark's recent rise to above 1400. The strategist still sees a 12 percent drop ahead, believing that Congress will fail to address the fiscal cliff before the election, and maybe even before the end of the year.
"Political realities and last year's precedent suggest the potential that Congress fails to reach agreement in addressing the fiscal cliff is greater than what most investors seem to believe based on our client conversations," said Kostin.
The so-called fiscal cliff is the expiration of payroll, capital gains and dividend tax cuts at the end of this year. It also refers to the mandatory sequestration of spending that resulted from the vicious debt ceiling fight last summer."
http://finance.yahoo.com/blogs/daily-ticker/buffett-exit-muni-bonds-signals-trouble-ahead-local-165817581.html;_ylt=Aiz0AoeRkxRdSKHXws8N5EiiuYdG;_ ylu=X3oDMTQzbWJ2M2w2BG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwNmZGMyZWUwZC05MzRiLTMwYzItOTEzYi1j M2Y2OGY2MzEwYTgEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZj c2MjU0OTAtZWJiNS0xMWUxLWJlZmUtYmNiZmEzYmRjMDgz;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
"Warren Buffett's Berkshire Hathaway ended its five-year bullish bet on the municipal bond market, The Wall Street Journal reports. The Omaha, Neb., company noted in a recent quarterly filing that it had canceled credit-default swaps insuring its $8.25 billion muni-bond market wager. The Journal said it was unclear whether Buffett's decision resulted in a profit or a loss and the 81-year-old Buffett declined to comment about the early termination of the contracts.
Does Warren Buffett's exit from the municipal bond market portend more financial hardships for struggling U.S. states and cities?
The Daily Ticker's Aaron Task and Henry Blodget say Buffett's move may very well signal his fear that more cash-strapped cities, states and municipalities will default on their debt. Local authorities have been making severe budget cuts (affecting both personnel and services) over the past two years to stave off bankruptcy but many are still short on funds.
Investors have generally remained positive on the $3.7 trillion municipal market, pouring $964 million into municipal-bond mutual funds last week — 18 straight weeks of inflows. Investor appetite may be stronger for municipal debt than U.S. government bonds, but the tide could be changing after the Berkshire Hathaway disclosure."
http://www.worststockmarketcrashes.com/stock-market-crashes/soros-and-buffet-sell-stocks-as-the-federal-reserve-is-preparing-contingency-plans-for-a-complete-financial-collapse/
"Soros and Buffet Sell Stocks as the Federal Reserve is Preparing Contingency Plans for a Complete Financial Collapse
Soros and Buffet Sell Stocks as the Federal Reserve is Preparing Contingency Plans for a Complete Financial CollapseQuestion: The Dow has crossed over 13000 and is touching its highest levels since April of 2008 — so why are Soros and Buffett unloading stocks? Answer: The Federal Reserve has already coordinated with major U.S. banks (announced last week) to prepare contingency plans for a complete financial collapse.
While the stock markets are reaching new four year highs, the underlying foundation of these stocks are not very strong, and the low volume in the markets signals that very few retail investors are actually participating in the summer rally. Thus the low volume, positive trading that is taking place in July and August leaves the markets wide open for a massive correction, or at the very least, new selling pressures when seasonal volume picks up later in the month and into September.
The rich historically have more information available to them than the average investor does, and it has been prudent over time to follow closely what the major traders do. Thus it is extremely concerning to the American people, and for the future of the U.S. financial system, when global investors and political insiders divests from consumer and financial stocks, especially at a time when many of them they are trading at four year highs, to instead what appears to be a prelude for a new stock market crash in equities.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (Ticker Symbol: C) (420,000 shares), JP Morgan (Ticker Symbol: JPM) (701,400 shares) and Goldman Sachs (Ticker Symbol: GS) (120,000 shares). The total value of the stock sales amounts to nearly $50 million."
Alone this is pretty large moves. Together they amount up and may well be a trigger point for upcoming market moves. There are also several sites that show Soros and John Paulson are selling off large gold holdings, most likely more efforts to drive down the price.
I'm not sure how closely any of you follow markets. I would be very interested in your thoughts on trends and on individual moves and how they may affect markets, which will in turn affect our prepping efforts as a whole.
http://finance.yahoo.com/news/goldman-sachs-dump-stocks-fiscal-141901421.html;_ylt=AnbpApPvAff_OBYzp2e_almiuYdG;_ ylu=X3oDMTQ4Nm45bzJvBG1pdANDTkJDIFRvcCBTdG9yaWVzBH BrZwM1ZTI0MGIxYi0yZjc4LTMxMDAtYjAzYy05NWUwYWY3MGMw YTAEcG9zAzEEc2VjA01lZGlhQkxpc3RNaXhlZExQQ0FUZW1wBH ZlcgMwMzU0YTUxMS1lYjljLTExZTEtOTRmZi00NjVkZGM5ZjQz Mzc-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
"You can sense almost an air of desperation from David Kostin, Goldman Sachs chief U.S. equity strategist, in his latest note to clients as he pleads with them to take money out of stocks before they fall off the fiscal cliff.
In the note, Kostin vehemently defends his year-end S&P 500 (^GSPC) target of 1250 despite the benchmark's recent rise to above 1400. The strategist still sees a 12 percent drop ahead, believing that Congress will fail to address the fiscal cliff before the election, and maybe even before the end of the year.
"Political realities and last year's precedent suggest the potential that Congress fails to reach agreement in addressing the fiscal cliff is greater than what most investors seem to believe based on our client conversations," said Kostin.
The so-called fiscal cliff is the expiration of payroll, capital gains and dividend tax cuts at the end of this year. It also refers to the mandatory sequestration of spending that resulted from the vicious debt ceiling fight last summer."
http://finance.yahoo.com/blogs/daily-ticker/buffett-exit-muni-bonds-signals-trouble-ahead-local-165817581.html;_ylt=Aiz0AoeRkxRdSKHXws8N5EiiuYdG;_ ylu=X3oDMTQzbWJ2M2w2BG1pdANGaW5hbmNlIEZQIEp1bWJvdH JvbiBMaXRlBHBrZwNmZGMyZWUwZC05MzRiLTMwYzItOTEzYi1j M2Y2OGY2MzEwYTgEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZj c2MjU0OTAtZWJiNS0xMWUxLWJlZmUtYmNiZmEzYmRjMDgz;_yl g=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3Rh aWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
"Warren Buffett's Berkshire Hathaway ended its five-year bullish bet on the municipal bond market, The Wall Street Journal reports. The Omaha, Neb., company noted in a recent quarterly filing that it had canceled credit-default swaps insuring its $8.25 billion muni-bond market wager. The Journal said it was unclear whether Buffett's decision resulted in a profit or a loss and the 81-year-old Buffett declined to comment about the early termination of the contracts.
Does Warren Buffett's exit from the municipal bond market portend more financial hardships for struggling U.S. states and cities?
The Daily Ticker's Aaron Task and Henry Blodget say Buffett's move may very well signal his fear that more cash-strapped cities, states and municipalities will default on their debt. Local authorities have been making severe budget cuts (affecting both personnel and services) over the past two years to stave off bankruptcy but many are still short on funds.
Investors have generally remained positive on the $3.7 trillion municipal market, pouring $964 million into municipal-bond mutual funds last week — 18 straight weeks of inflows. Investor appetite may be stronger for municipal debt than U.S. government bonds, but the tide could be changing after the Berkshire Hathaway disclosure."
http://www.worststockmarketcrashes.com/stock-market-crashes/soros-and-buffet-sell-stocks-as-the-federal-reserve-is-preparing-contingency-plans-for-a-complete-financial-collapse/
"Soros and Buffet Sell Stocks as the Federal Reserve is Preparing Contingency Plans for a Complete Financial Collapse
Soros and Buffet Sell Stocks as the Federal Reserve is Preparing Contingency Plans for a Complete Financial CollapseQuestion: The Dow has crossed over 13000 and is touching its highest levels since April of 2008 — so why are Soros and Buffett unloading stocks? Answer: The Federal Reserve has already coordinated with major U.S. banks (announced last week) to prepare contingency plans for a complete financial collapse.
While the stock markets are reaching new four year highs, the underlying foundation of these stocks are not very strong, and the low volume in the markets signals that very few retail investors are actually participating in the summer rally. Thus the low volume, positive trading that is taking place in July and August leaves the markets wide open for a massive correction, or at the very least, new selling pressures when seasonal volume picks up later in the month and into September.
The rich historically have more information available to them than the average investor does, and it has been prudent over time to follow closely what the major traders do. Thus it is extremely concerning to the American people, and for the future of the U.S. financial system, when global investors and political insiders divests from consumer and financial stocks, especially at a time when many of them they are trading at four year highs, to instead what appears to be a prelude for a new stock market crash in equities.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (Ticker Symbol: C) (420,000 shares), JP Morgan (Ticker Symbol: JPM) (701,400 shares) and Goldman Sachs (Ticker Symbol: GS) (120,000 shares). The total value of the stock sales amounts to nearly $50 million."
Alone this is pretty large moves. Together they amount up and may well be a trigger point for upcoming market moves. There are also several sites that show Soros and John Paulson are selling off large gold holdings, most likely more efforts to drive down the price.
I'm not sure how closely any of you follow markets. I would be very interested in your thoughts on trends and on individual moves and how they may affect markets, which will in turn affect our prepping efforts as a whole.