If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Money News)   Are billionaires dumping their stocks?   (moneynews.com) divider line 46
    More: Interesting, Billionaires Dumping, John Paulson, Family Dollar, department stores, Sara Lee, investment strategist, winning strategy, Berkshire Hathaway  
•       •       •

2759 clicks; posted to Business » on 18 Jun 2013 at 10:54 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



46 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-06-18 10:53:39 AM
These companies are only worth anything if consumers buy their products
Most companies aren't paying their people much above a living wage
People kept buying on credit but now the bills are due... so buying is slowing down or drying up
Why would ANYONE want to own stock in these companies?
 
2013-06-18 10:59:30 AM
If not, they soon will be.
Yea, predicting the Future is HARD.
Predicting Sociopathic Profiteering behavior, not so much.
 
2013-06-18 11:00:28 AM
Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...
 
2013-06-18 11:00:35 AM
Oh look, an advertisement for a book masquerading as news.
 
2013-06-18 11:00:52 AM
I could be mistaken, but isn't this basically an advertisement for this guy's book? Fox News used to run these ads all the time.

The tagline is essentially -- ECONOMIST WHO ACCURATELY PREDICTED HOUSING CRASH HAS ANOTHER BOOK OUT!
 
2013-06-18 11:02:06 AM
It's very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

and that's where the article lost me.  That and all the newsmax links.
 
2013-06-18 11:04:04 AM

physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...


Exactly the same reaction.
 
2013-06-18 11:04:15 AM

physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...

 
2013-06-18 11:05:03 AM
Ok, so, if US consumer-oriented stocks (i.e., P&G, J&J, the banks, etc) are supposed to tank, where do you invest?  China??  It's one thing to say that Warren Buffet is pulling his US stocks, but you gotta say what he's putting his money *into*.  And I don't think it's his mattress.
 
2013-06-18 11:06:06 AM

digistil: physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...


Ad? What ad?

/AdBlock FT...L?
 
2013-06-18 11:15:24 AM
 
2013-06-18 11:16:35 AM
No, old people are dumping their stocks.

They are retiring and want to spend their money.

Demographics controls the market more than anything else.
 
2013-06-18 11:18:42 AM

xanadian: digistil: physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...

Ad? What ad?

/AdBlock FT...L?


If adblock worked, it would block the whole page. This "ad-hiding-in-a-story" has been circulating for several months now.

Protip: If you have to trick people into buying your book, it probably sucks.
 
2013-06-18 11:18:52 AM
Yeah, this is a big advertisement with a facade of a newstory over the top. I think there will be a market correction too, but the article lost me a "90%."  fear mongering sells books.

On a side note, it really doesn't take that much to research and write a book like this and then create a fear mongering website to sell it.  Does anybody else sometimes just want to give up fighting the honorable fight and just join in?  If you can't beat 'em, join 'em.  Apparently it makes alot of money.  Feeling very cynical right now.
 
2013-06-18 11:20:36 AM
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.
...
With 70% of the U.S. economy dependent on consumer spending, Buffett's apparent lack of faith in these companies' future prospects is worrisome.


That's odd. When Buffet was buying companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods, it was a sign of a bad economy because people still have to buy toilet paper and move their meals to mac&cheese.

It's almost like Newsmax is stupid or full of shat. *why_cant_it_be_both.jpg*
 
2013-06-18 11:26:06 AM
 
2013-06-18 11:26:07 AM
I've been seeing this "article" for about six months.  Note that the dateline automatically updates with the current time.

Monday, 17 Jun 2013 11:25 AM
 
2013-06-18 11:27:05 AM
If I wanted 10 opinions on economics, I'd ask 5 economists.

/it's a book ad!
 
2013-06-18 11:28:17 AM

impaler: Nov, 2004 2008:


FTFM
 
2013-06-18 11:30:32 AM
I've been seeing this ad on the bottom of pages for a months (years?)

Usually linked to this picture of a nondescript, thoughtful, and concerned old man in a hat.
i.imgur.com

And next to some variant of this picture:
i.imgur.com
 
2013-06-18 11:31:39 AM

fatbear: Protip: If you have to trick people into buying your book product, no matter what it is, it probably sucks.

 
2013-06-18 11:32:33 AM

nwarlick: I could be mistaken, but isn't this basically an advertisement for this guy's book? Fox News used to run these ads all the time.

The tagline is essentially -- ECONOMIST WHO ACCURATELY PREDICTED HOUSING CRASH HAS ANOTHER BOOK OUT!


John Paulson shorted the housing crisis in 2007 and got rich through lucky timing.   Fast-forward to 2013 and his own hedge fund is down 47% just this year by making bad bets on the imminent goldpocalypse.

Past performance is indicative of future results.
 
2013-06-18 11:32:58 AM

fatbear: xanadian: digistil: physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...

Ad? What ad?

/AdBlock FT...L?

If adblock worked, it would block the whole page. This "ad-hiding-in-a-story" has been circulating for several months now.

Protip: If you have to trick people into buying your book, it probably sucks.


This makes sense...if it were an actual *article*, they would've answered the question I posited.  Instead, it's like, "hey, we'll tell you where to move your investments to in this book! Just $39.95!"
 
2013-06-18 11:40:13 AM
southparkstudios.mtvnimages.com

You're a fool if you think anything has actually changed.
 
2013-06-18 11:41:00 AM
Ugh. Garbage masquerading as news.

It isn't even internally consistent. If we are going to get inflation, which the article warns about, the equities are one of the asset classes where you should put your money. Companies can and do raise prices in inflationary environments.
 
2013-06-18 11:43:46 AM

Rapmaster2000: nwarlick: I could be mistaken, but isn't this basically an advertisement for this guy's book? Fox News used to run these ads all the time.

The tagline is essentially -- ECONOMIST WHO ACCURATELY PREDICTED HOUSING CRASH HAS ANOTHER BOOK OUT!

John Paulson shorted the housing crisis in 2007 and got rich through lucky timing.   Fast-forward to 2013 and his own hedge fund is down 47% just this year by making bad bets on the imminent goldpocalypse.

Past performance is indicative of future results.


Actually, he stole somebody else's idea. Dr. Michael Burry was the first major player to start shorting housing back in 2005. Paulson did not start till 2006.
 
2013-06-18 11:51:13 AM

Debeo Summa Credo: Ugh. Garbage masquerading as news.

It isn't even internally consistent. If we are going to get inflation, which the article warns about, the equities are one of the asset classes where you should put your money. Companies can and do raise prices in inflationary environments.


In fact, if they don't, it's not an inflationary environment - by definition (almost).
 
2013-06-18 11:51:31 AM
So buy gold!
 
2013-06-18 12:10:31 PM

Debeo Summa Credo: Ugh. Garbage masquerading as news.

It isn't even internally consistent. If we are going to get inflation, which the article warns about, the equities are one of the asset classes where you should put your money. Companies can and do raise prices in inflationary environments.


This.

You can predict high inflation along with a stock market drop in real terms even though nominal stock prices may increase - I'm pretty sure you'll be wrong, but at least its a logically coherent argument.

If you're predicting high inflation and a large drop in nominal stock prices, though, you're either an idiot or trying to sell books to idiots (or both)
 
2013-06-18 01:05:00 PM

physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...


You mean like the one right over there? ---------------------------------------------------------------------- ---------------------->
 
2013-06-18 01:08:26 PM
I could swear that was an informercial for the ads I see every day here on Fark for the "billionaire says 'Murika to collapse any day now"...I swear, ANY DAY NOW!!!
 
2013-06-18 01:09:24 PM
The only stocks I own are weapon manufacturers.  I'm going to make a killing off the coming killing
 
2013-06-18 01:10:21 PM
this article makes a conclusion that 10-20% inflation and a 90% stock market correction will happen at the same time?

www.slotstemple.com

It cannot happen, will not happen
 
2013-06-18 01:26:12 PM

physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...


EXACTLY. Now I feel stupid for reading even part of it. As soon as I saw 90% correction, I knew something was wrong.
 
2013-06-18 02:29:40 PM
"Now viewed over 40 million times, it was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content."

... They couldn't get the interview on the internet?  Has anybody told these wackos about youtube?  Or youporn?
 
2013-06-18 02:38:43 PM
If there was a 90% correction in the stock market, there would be an immediate rebound as people rush to buy stock for pennies on the dollar.

/unless by "90% correction" they actually meant the market losing 10% of its value
//I strongly doubt it; gotta keep the rubes skirrd
///also, all the divesting billionaires is a right-wing rogues gallery of wealthy people who generally lean democrat
 
2013-06-18 02:39:39 PM

DrKillPatient: physt: Jesus... this article had me going until the I saw the NewMax ad at the top of the page. Phew...

EXACTLY. Now I feel stupid for reading even part of it. As soon as I saw 90% correction, I knew something was wrong.


Yeah, everything is fine. Only stories about how great things are tell the truth.  Schadenfreude is the best thing ever. I don't have long to wait either.
 
2013-06-18 03:10:38 PM

germ78: /unless by "90% correction" they actually meant the market losing 10% of its value
//I strongly doubt it; gotta keep the rubes skirrd


FTFA: Before you dismiss the possibility of a 90% drop in the stock market as unrealistic...
 
2013-06-18 03:19:40 PM
im more curious if billionaires are stocking their dumps.

and yeah, its an ad for that guy's book, but it sounds like i'd like to read it anyway.  he wasnt the only one to predict the sub prime collapse but still, his ideas are probably worth glancing at.
 
2013-06-18 03:21:21 PM
"Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems."

10% - 20% inflation will cause stocks and real estate to become cheap.
 
2013-06-18 05:39:04 PM

impaler: "Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems."

10% - 20% inflation will cause stocks and real estate to become cheap.


Funny, my economics professors all insisted that inflation causes asset prices to increase.

But what did they know.
 
2013-06-18 08:38:26 PM

Marcus Aurelius: impaler: "Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems."

10% - 20% inflation will cause stocks and real estate to become cheap.

Funny, my economics professors all insisted that inflation causes asset prices to increase.

But what did they know.


I think that's what he's saying. High inflation would mean that equities at current levels would be cheap (ie undervalued), which would cause their nominal price to increase.
 
2013-06-18 09:59:43 PM
that was more of an advertisement than article.

we are headed for a crash, but then aren't we always?

Diversify.
 
2013-06-19 12:09:48 AM

thrgd456: that was more of an advertisement than article.

we are headed for a crash, but then aren't we always?

Diversify.


img.fark.net
 
2013-06-19 09:13:18 AM
This trash has been republished on that site over and over with minor changes for months and it shows up in my Facebook news feed once every few days from concerned "patriots".

It is as stupid now as it ever was.
 
2013-06-19 05:58:56 PM
Dow 1,500!

Right back to 1980s levels!!  w00t!
 
Displayed 46 of 46 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report