"Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits."
What a load of rubbish, for starters they've spelt Buffet's name wrong. However more importantly, this is a complete contradiction to the truth.
Last week Buffet team up with 3G capital and acquired Heinz for 28 billion!( With Berkshire fronting up over 13 billion is cash). Heinz would be your classic "consumer purchasing" product that Buffet is famous for investing in. So not only is Buffet increasing his exposure by betting on "consumer purchasing habits", he's making one of Berkshires biggest BETS OF ALL TIME! It also happens to be the largest deal ever in the food industry!
