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Soros Bailing Out of U.S. Stock Market
Economic Policy Journal ^
| 08/18/2010
| Economic Policy Journal
Posted on 08/18/2010 8:33:28 PM PDT by The Magical Mischief Tour
Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management.
Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management.
He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer.
His biggest positionb at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill.
TOPICS: Breaking News; Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: august2010; gold; soros; stock; stockmarket
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To: The Magical Mischief Tour
I misread....I thought it said “Soros Bailing out the US Stock Market”......LOL
21
posted on
08/18/2010 9:36:52 PM PDT
by
cherry
To: Blue Collar Christian
Problem is, his money will live on.
22
posted on
08/18/2010 9:37:04 PM PDT
by
Uncle Ivan
(Alea iacta est)
To: The Magical Mischief Tour
“Billionaire manipulator” would be closer.
To: unkus
“If Soros bails out, the suckers gonna crash. He knows. “
Indeed, this is something to lose sleep over.
24
posted on
08/18/2010 9:40:21 PM PDT
by
GraceG
To: The Magical Mischief Tour
Well, you can’t be too careful - the poor guy could end up with only a single regiment of butlers.
To: Tagurit
I bailed out 6 months ago!Me too. If you're not out now, better get to it. MHO, of course. That opinion is worth less than you paid for it :-)
26
posted on
08/18/2010 9:40:54 PM PDT
by
upchuck
(Unemployment benefits -- the NEW Welfare.)
To: The Magical Mischief Tour
27
posted on
08/18/2010 9:43:10 PM PDT
by
clintonh8r
(Heckuva job, Brownie!.)
To: cherry
” misread....I thought it said Soros Bailing out the US Stock Market......LOL”
Me too. LOL. My first thought was well he ought to bail it out since he probably was a big contributing factor to the 2008 crash.
.
28
posted on
08/18/2010 9:47:12 PM PDT
by
greeneyes
(Moderation in defense of your country is NO virtue. Let Freedom Ring.)
To: GraceG
Indeed, this is something to lose sleep over.
Are you serious or just kidding me? I’m not going to lose sleep over it.
29
posted on
08/18/2010 10:01:42 PM PDT
by
unkus
To: The Magical Mischief Tour
This article actually gave me the chills. This could be the beginning of the end....
30
posted on
08/18/2010 10:12:00 PM PDT
by
FarRightFanatic
(It wasn't an election. It was a socialist coup.)
To: Tagurit
I bailed out 6 months ago!
I got out in May. Lately I have been wondering if I should have waited a little longer. Not any more.
A lot of economists and financial pundits (and Freepers) have been saying the economy is going to collapse next year. Looks like Soros agrees them.
31
posted on
08/18/2010 10:18:08 PM PDT
by
Ticonderoga34
(Free Obama's Birth Certificate!)
To: The Magical Mischief Tour
Golly, right according to plan. At a tender time, “sores” pulls out billions causing runs and instability. Who would have thought THAT?
32
posted on
08/18/2010 10:18:37 PM PDT
by
Danae
(Anal nathrach, orth' bhais's bethad, do che'l de'nmha.)
To: The Magical Mischief Tour
33
posted on
08/18/2010 10:24:41 PM PDT
by
rlmorel
(America: Why should a product be deemed a failure if you ignore assembly and operation instructions?)
To: FarRightFanatic
This article actually gave me the chills. This could be the beginning of the end....
One step closer, for sure.
34
posted on
08/18/2010 10:38:02 PM PDT
by
unkus
To: Steely Tom
George has always been real good at knowing when to bail out on things. Too bad his father didn't.
35
posted on
08/18/2010 10:41:45 PM PDT
by
upsdriver
(ret.)
To: The Magical Mischief Tour
But...our “beloved” president says we’re in a recovery! /s
36
posted on
08/18/2010 10:42:27 PM PDT
by
july4thfreedomfoundation
(The rallying cry of American patriots.....REMEMBER IN NOVEMBER!)
To: The Magical Mischief Tour
Another looter and plunderer of america leaves the casino with a full pot
37
posted on
08/18/2010 11:02:33 PM PDT
by
KTM rider
( ..........tell me this really isn't happening ! !)
To: The Magical Mischief Tour
Soros knows something and that something probably means the stock market will take an engineered nose dive. Or he’s simply trying to make it seem that way.
38
posted on
08/18/2010 11:07:48 PM PDT
by
TheThinker
(Communists: taking over the world one kooky doomsday scenario at a time.)
To: The Magical Mischief Tour
Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill. So it's not a total sell-off but it does show pessimism in the market. I watched Ted Turner do this 4-5 years ago. It's a controlled sell-off, designed to let the market recover a little then sell off more, then recover a littler, then sell off more, rinse, repeat.
He may actually have been too heavy in the market as a way to keep Obama from looking too criminal for awhile.
39
posted on
08/18/2010 11:16:03 PM PDT
by
OrangeHoof
(Washington, we Texans want a divorce!)
To: The Magical Mischief Tour
Well it is a hedge fund after all, so we will never know what his short and long positions are. The article means little.
40
posted on
08/19/2010 12:05:58 AM PDT
by
BlueCat
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