Buffett's Recent Portfolio Changes: What's the Message?

Ray submits:

If you follow Mr. Buffet (BRK.A) then you already know that he made some significant portfolio changes in his recent SEC filings. Now, I do not recommend following him since he has billions and ‘he’ can afford to hold stocks forever because it is in his corporate account, which means he really isn’t risking his own money. However, his recent moves are very telling, in my opinion.

He sold Carmax (KMX), Home Depot (HD), ConocoPhillips (COP), Eaton (ETN) and other health care stocks. First and foremost it tells me that he expects health care reform, which is not really reform it is a public option, to pass otherwise he would not have sold those health insurers. He sees through the whole cash for clunkers nonsense as it is not a long-term solution for auto sales and it also makes a statement that he feels the consumer is not coming back anytime soon.

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