Why is Warren Buffet (Berkshire Hathaway) offloading stocks? Are there corrections in the stock market we do not know? Should you offload stocks too?

Looking forward to the future of business

Warrent Buffet has offloaded billions worth of stocks:   BofA and Apple.  Huge chunks of his holding.  He prefers Treasuries which are sure bet and liquid?

Is Buffet developments that we dont see.?  Are there new things he wants to be positioned in?  Are we on the verge of a crash, or recession.  We do not know.   Only the sage of Omaha knows.   I could only speculate .

But whatever it is lets do our own critical analysis and pay attention to many experts who are predicting a crash.    P. S.   Today August 7, 2024, the crash is unfolding.  Markets world wide are on great sell off.  

Apple does not have much of an innovation;

The financial environment is not friendly to banks.   Or that BH is harvesting BofA stocks for the gains when they bought it cheap 

Let us be prepared.      

BofA chief says he is Comfortable with the Bank Assets and Operations

 


BofA Chief Is 'Comfortable' with Bank's Investments 


 The Bank of America Chief Brian Moynihan says he is comfortable with bank assets and investments in a a recent investor conference. This came just after JP Morgan reported a $2billion trading loss. Moynihan say JP Morgan chief Jamie Dimon has the skill to navigate the troubled waters. Its current assets of $297 billion in good conndition. The bank has spend $3 billion to collect its deliquent loans last quarter. Its share prices fell by 4%.

 
 Jamie Dmon of JP Morgan and Brian Moynihan of Bank of America


 It is however engaged in cost reduction projects. It plans to cut its workforce by 30,000 which will result in operating expenses reduction by $5 billion. It plans to sell some buildings in NYC and North Carolina.

 Would you believe what Chief Moynihan says about Bank of America?

 What would you do if you were him?

 Are you in agreement with his plans? A lot of people are saying BofA is a troubled bank. Is it?

US Banks Stock Fall Hard especially BofA

An Ateneo Graduate School of Business Advantage

US banks stock fall hard by as much as 5%.  Why do you think they have to fall.  It has been 3 years since the crisis in US began for subprime mortgages;  it has been 6 months since US sovereign debt was downgraded.

What is your take on this development?   What must you as an entrepreneur do?   What are the opportunities (do you see any?) 

Here is the link to the article at Los Angeles Times (latimes)

http://www.latimes.com/business/la-fiw-stocksclose20111220,0,2067249.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+%28L.A.+Times+-+Business%29

Bank of America is Slashing 30,000 Jobs

Our generation needs an ENTREPRENEURIAL REVOLUTION.

The job cuts will take place in the next several years but mainly from attrition.  B of A is taking this action to save as much as $5 billion in salary expenses; B of A stock prices fell by 50% this year.

Questions:

l.  What would happen to those who will lose jobs?  Will their severance pay replace their jobs?

2.  Will they get new jobs?

3.  What will be their options in life?

4.  What will you recommend to B of A; to  US President Obama for this additional job loss?