Billionaires Dumping Stocks, Economist Knows Why

www.moneynews.com

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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.

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