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posted by catman in Local

Billionaires Dumping Stocks, Economist Knows Why

January 26, 2013

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.

(Continued here:)

http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/...

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