It’s very likely that professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
The stock market is still in the midst of its historic rally. Real estate prices have finally levelled off, and for the first time in five years are actually rising in many locations, and the unemployment rate seems to have stabilized.
What makes me think this is happening now?
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate, he has sold 19 million shares of Johnson & Johnson.
John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks as well, he has sold 14 million shares of JPMorgan Chase.
Now billionaires don't stay rich by making mistakes...