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Banking, Economy

“Warren Buffett’s Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street”

https://finance.yahoo.com/news/warren-buffetts-selling-over-3-092100064.html

While the timing is good lets be honest here. Selling that much stock would cause a flash crash even in a strong economy. At a certain point one has to ask does removing so much money from a sock creates the crash. It’s obvious he’s going to buy the stock back for pennies on the dollar after it collapses.

Selling off massive amounts of stocks in a weak economy makes it easier to collapse. What he did was good for him. It wasn’t good for the economy as a whole. If anything he kicked the economy while it was down by mass selling across the board. Remember he sold over half his apple shares as well.

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