Four prominent American billionaires, Jeff Bezos, Mark Zuckerberg, Elon Musk, and Jamie Dimon, have all sold off significant chunks of their own companies, amounting to $11 billion in the last few months. Now, some people want to know what they know that others don’t know that might be compelling them to take such drastic actions.
Excerpt from www.dailymail.co.uk
… Experts this week theorized the sales could be the result of the looming election, and as the S&P 500 index – a decent measure of the larger economy – remains at an all-time high.
‘If you’re reading the tea leaves and looking at what may happen with our politics in the next year or so, things are pretty good right now – the markets are up,’ finance firm consultant Alan Johnson told Fortune late last month.
The staffer at Manhattan-based Johnson Associates went on to suggest the sales could be the result of potentially volatile fall, to coincide with the upcoming general election.
‘With our politics and everything else going on geopolitically, maybe it won’t be as good a year from now or two years from now,’ he conceded.
The expert then pointed to the S&P 500’s recent, impressive performance, and how it has risen more than 27 percent in the past year.
About Author
Paul Collier
Paul Collier is the editor of The Freedomist newsite, our Weekday Reports, and our Monthly Publication, Freedomist Intelligence Advisor (previously McAlvany Intelligence Advisor). He has been involved in news publishing since 2003.
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