Despite the 10% stock market rally over the last six months, many billionaires are quietly dumping their American stocks . . . and fast.
They are selling into a rising market, and only buying on the deep dips, and are expecting another huge dip as the IRS Affair becomes the laughing stock of the global financial industry.
Intel is being dumped because ThoughtWare is too close to developing into a world wide reality.
One billionaire recently dumped 14 million shares of JPMorgan Chase knowing that it soon will become one of the four big banks too big to manage and therefore it must be dismantled like Fannie and Freddie have been seized by the Treasury Department.
Billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs.
Between the three banks, Soros sold more than a million shares. This is a signal that the housing market is getting ready for the zero interest mortgages to be underwritten by the world's first trillionaires, all three of them being of Hungarian Origin and descent. In case you didn't know who they are, google Gabor S. Acs, George Soros and Peter Munk of Barrick Gold.
These professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
When you unwind the inflation of the past 100 years, that is exactly what you get.
Slaying the Octodragon is getting easier every day and every day more bad debt is being sopped up by the Federal Reserve, but soon they must stop. Bonds will become worth less.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in BANR over the next 72 hours.
Additional disclosure: Advising Soros Fund Management to short ten million shares of Banner Corp and cover at $20.00 per share. Bad news pending with Banner being added to $500 Trillion Lawsuit filed by International Bank Activities Reform Commission.