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onenote

(42,690 posts)

13. Didn't Buffett just buy Heinz? And he "dumped" Intel last year.

Reply to aristocles (Original post)

Wed Mar 6, 2013, 01:21 PM

Mar 2013

It always pays to look behind the big scary headline. Buffett trimmed his holdings in Intel, Kraft, J&J in the second quarter of 2012 -- yes, almost a year ago. At the same time he was doing that, he was buying into other companies, such as IBM. Out of Intel and into IBM -- how exactly does that signal anything about consumer spending?

And he just bought Heinz.

As posted above, this is a BS NewsMax story.

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Highlight:

As Dow soars, billionaires are dumping stocks [View all] aristocles Mar 2013 OP

Sell High thelordofhell Mar 2013 #1

Yep, they're cashing out big time jsr Mar 2013 #2

The reason is simple......real disposable income for the vast majority of the worker bees has.... yourout Mar 2013 #3

Link please? nt magical thyme Mar 2013 #4

Random link here dipsydoodle Mar 2013 #6

... R. Daneel Olivaw Mar 2013 #12

Typical Newsmax BS onenote Mar 2013 #19

In case the general public hasn't yet realized this Cirque du So-What Mar 2013 #5

The media don't need to say Buy. All they need to say is Loudly Mar 2013 #20

What can they do that you cannot on a smaller scale? dmallind Mar 2013 #22

And another bad boy reformed dmallind Apr 2013 #25

Makes a lot more sense than dumping stocks in a panic in 2009 with the Dow at 7000. Nye Bevan Mar 2013 #7

Dumping stocks (not all) at a low does make some sense when you consider zbdent Mar 2013 #18

If you're a billionaire you don't need the volatility marybourg Mar 2013 #8

You know what would be divine justice? If Occupy started buying up every available stock. Initech Mar 2013 #9

Pump and Dump. Arctic Dave Mar 2013 #10

This message was self-deleted by its author CJCRANE Mar 2013 #15

^5 avaistheone1 Apr 2013 #28

Was this another bubble? Baitball Blogger Mar 2013 #11

Didn't Buffett just buy Heinz? And he "dumped" Intel last year. onenote Mar 2013 #13

That should be a MAJOR red flag for investors who are not in the Top 1%...run, don't walk! nt. OldDem2012 Mar 2013 #14

The market is outperforming the real economy. geek tragedy Mar 2013 #16

you've been watching too much Rachel... WhaTHellsgoingonhere Mar 2013 #17

Crap post without a credible link (source). n/t HCE SuiGeneris Mar 2013 #21

Yep: the two worst sources for investment advice onenote Mar 2013 #23

WOW. I better get busy and dump a few $Billion. bvar22 Mar 2013 #24

Where they putting their money then? Private prisons and/or debtors prisons? no_hypocrisy Apr 2013 #26

I'm wondering exactly where that money is going Warpy Apr 2013 #27