tyb
Warren Buffet Dumps More Bank of America Stocks Indicating Possible Financial Meltdown
Warren Buffett, 94, sold 13% of its Bank of America (BofA) holdings since mid-July for $5.4 billion. He just sold more of BofA shares shy of $1 billion. Analysts speculate that he could be leaving the market in anticipation of stock market a crash, bank collapse, higher taxes or money laundering investigations of banks.
Last month, Edward Dowd made some predictions of possible ‘black swan’ events that could happen before the 2024 election. We previously reported that Berkshire has has $234.6 billion worth of short-term investments in US Treasury bills that pay 5% interest and has surpassed the Federal Reserve’s holdings of $195.3 billion in the bills.
Note: Need To Know News does not give financial advice or endorsements, but instead report the news. Opinions expressed in news stories and interviews belong to those making the statements.
more…
https://needtoknow.news/2024/09/warren-buffet-dumps-bank-of-america-indicating-possible-financial-meltdown/