WSJ reports George Soros lost nearly $1 billion in market after Trump victory

American Thinker ^ | 01/12/2017 | Thomas Lifson

[SeekAndFind]

It is tough watching the candidate that you backed lose an election. But when you lose a billion bucks on the market rally that followed, it becomes even harder, even if you still have $29 billion left.  Still, this could rank as the biggest losing election bet in history.  Is there a bit of karma in this?

Gregory Zuckerman and Juliet Chung report for the Wall Street Journal that George Soros, aka Dr. Evil, lost twice in the election of Donald Trump to the presidency:

Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election. (snip)

Last year, Mr. Soros returned to trading at Soros Fund Management LLC, which manages about $30 billion for Mr. Soros and his family. Mr. Soros was lured back by the opportunities to profit from what he saw as coming economic troubles.

Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake—the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.

As a result, some of Mr. Soros’s trading positions incurred losses approaching $1 billion, the people say. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added.

Don’t worry about Soros being unable to fund David Brock’s latest attempts to be relevant: overall, his portfolio did quite well last year.  But I do hope that he continues to let his politics drive his investments. 

[donozark]

Couldn’t happen to a nicer guy....

[Tax-chick]

Just a rounding error.

[TexasGator]

http://www.freerepublic.com/focus/f-news/3513218/posts

[cyclotic]

What kind of idiot manages to lose a billion dollars?

[depressed in 06]

Not enough.

[albie]

Drop in the bucket. Power is his thing. He’ll never let up.

[thorvaldr]

Couldn’t happen to a nicer Nazi collaborator bent on world domination...

[rhubarbk]

Great news, I wish it were more a lot more!!!

[Qiviut]

More WINNING ........

Hungary Looks to ‘Sweep Away’ Soros-Linked Organizations

“Fake civil organizations of the Soros empire are paid in order to encourage the spread of political correctness and global capital overcoming national governments,” Németh said. He added, “Every means must be employed to hold back such organizations, and I believe they should be cleaned out of here. And to this end, I feel, the international opportunity has arrived with the election of the new U.S. president.”

Prime Minister Orbán has been a leading supporter of U.S. President-Elect Donald J. Trump in Europe for months and was one of the first government leaders to endorse Trump for the presidency.

[SMARTY]

I wonder if that includes all the $$$$$ he threw at the election

[bk1000]

[scooby321]

His world is getting tighter as Hungary kicks him out

Democrats out

[Jean2]

ITA! There is some justice in this world after all.

[tennmountainman]

Soros needs to lose his freedom too.
He is a danger to the world.

[RC one]

[RightGeek]

Paging the Boo Hoo girl

[WKUHilltopper]

This Nazi collaborator needs to be charged with sedition.

[Albion Wilde]

Well deserved.

[Trump_vs_Evil_Witch]

Satan is never nice to his servants after they have failed him......