What is going on??? Company is still sound and does not appear to be overvalued.
Buffet dumping effect
Buffett has been winding down big positions for a while, moving most of the proceeds to Combs and Weschler to manage. The only stocks Buffett himself seems to be buying these days are Wells Fargo, Wal-Mart, and Coke.
Bill Weldon wanted ObamaCare and Obama and here it is. We will neon a long downward trend not just JnJ but the whole market.
Stocks were the last refuge for investors but no more. Taxes here taxes there with no end in sight!