Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.
Kashmir is claimed by both nations in its entirety and has been a flashpoint between them for more than 60 years.
The South Korean capital city of Seoul recorded a temperature of minus 16.5 C in the morning, the lowest in 27 years since a minus 16.9 C was recorded in 1986, the Korea Meteorological Administration (KMA) said.
A cold wave watch for Seoul and its surrounding Gyeonggi Province, and a cold wave alert for the central part of the country have been issued, the agency said.