Posted on 08/17/2014 3:15:20 AM PDT by Olog-hai
Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion.
The legendary hedge fund manager has been raising his negative bet on the Standard & Poor’s 500 Index since late last year.
The latest 13-F filing with the Securities and Exchange Commission shows that Soros Fund Management increased its position in “puts” on the SPDR S&P 500 exchange-traded fund by a staggering amount in the second quarter from the first. …
(Excerpt) Read more at newsmax.com ...
Nobody complains when the investor who goes short loses his investment.
Problem with Soros is that he knows the people who could make a market crash or a currency crash happen, in fact he could pull the strings and make the currency crash happen which would crash all markets. Could be he already knows what is coming.
bmt
Except, even if he’s not trying to engineer something, he’s too intelligent to likely lose his investment.
I seem to recall the Soros was charged with wrecking the economy of some country by rigging the game? Any information?
Bloomberg says: March 28, 2012 - Bloomberg’s report, “Soros Loses Case Against French Insider-Trading Conviction,” indicates that an appeal based on a “human rights” violation against Wall Street speculator George Soros has been rejected by the “European Court of Human Rights.” Soros, who was convicted and fined for insider trading in 2002 regarding French bank Société Générale shares he bought in 1988, has built an empire out of obfuscating global criminal activity with the cause of “human rights.”
He’s a speculator and government love to scapegoat speculators for crashing an economy. Soro’s only fault, I guess, is donating to politicians and leaders that vote for policies that is not good for the economy
The stock market has been ballooning for years, despite the fact that its rise ignores every single economic reality.
It is only sky high because the Fed moved decimal points on computer screens and kept interest rates at near zero.
It is all a manipulation. When it crashes (and it will), people should not be surprised or even shocked. It is going to happen.
” Does this man have a soul? “
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How could he. He is the devil, personified.
In reality, maybe one needs to look back at his history, starting from WW2.
He even has his own “historical” web site:
http://www.georgesoros.com/faqs/entry/georgesorosofficialbiography
To be fair, I do not know if he is the devil personified, or just a very crafty investor. He obviously knows how to tweak Obumbo’s America.
I so wish someone would remove that stain from the face of the earth.
He crashed the British pound years ago. He couldn’t have done it by himself. Look at Oct. of this year, China has stopped buying our debt, the Fed says it will stop in Oct., there are two other currencies being talked about or ready to go, and the Muzzies are big on symbolism. Remember Oct. of 29 and what happened?
The way the market works is the trader offers value and if someone else needs it then he gets rich. We need to understand that business is one thing and politics are another. Ben and Jerry are idiots politically but they made great ice cream. They also figured out that their equal pay politics BS was cr@p so they ditched their politics when they entered the market.
NEWSMAX/FINANCE in general and F.J. McGuire in particular serve the market by lying about others because there are folks on this thread that love reading nonsense. The article says Soros' says "U.S. stocks will collapse", but the The latest 13-F filing with the Securities and Exchange Commission shows that while the fund has $2.6B in puts, it also has $10.1 in stocks and $0.6B in calls. IOW for every dollar in downside hedging he's got $4.10 in upside bet.
Sounds good, I think I'll increase my upside investments to that level...
Soros may be evil but he is rich for a reason. Rich people typically use puts to protect their investments. Most rich people use “collars” in which they protect their stock positions and a guaranteed about a small return on their money if applied correctly. if you are worth billions this is the smart thing to do and has nothing to do with market direction.
Predicting when is the hard part. Bubbles can defy the obvious for many years.
George Soros aka Ernst Starvo Blofeld learned well from his days of helping his phony godfather collect the property that his fellow Jews left behind as they were were put on trains and sent to Auschwitz to be gassed. It was one of the happiest moments of Soros's life.
The big question is when do these puts expire? Next week, next year? I’d guess they are longer expiring puts, and would not require a crash, just a correction, to profit from.
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