They might just be consolidating, they have less than 5% of any of these stocks, but it seems like the believe consumers will continue to cut spending. His cash holdings are up to 500 billion. And only earning 4-5% with inflation around 2-3%
Maybe they are just getting out before the market crashes and then buy back in for 50 cents on the dollar. .
Thomas Sowell: There are no solutions, just trade-offs.