Posted on 08/16/2014 6:18:24 AM PDT by blam
August 15, 2014
By Barbara Kollmeyer
Oh, goody. It’s 13F time, when mere mortals like us get to see how the big boys rolled the dice in the last quarter.
Among the highlights, Soros Fund Management increased a bear-call bet on the S&P 500 in a huge way. The fund lifted a put position — a bet the market will go lower — on the S&P 500 ETF SPY to its biggest size yet, in terms of value and portfolio percentage, making a 605% leap over the previous quarter.
Bullion Baron, who has long kept a beady eye on Soros’s SPY moves, has summed up the latest dealings. He speculated that this could be a hedge — or Soros is really worried about something. One possible something is China, which the hedge-fund titan referred to as a global uncertainty earlier in the year, notes the Baron.
Soros also lifted positions in Apple and Facebook and a portfolio loaded up with stocks, so he can’t possibly be all that gloomy. As for that China unease, WSJ’s MoneyBeat reports that China bears are entrenched and see stocks headed for a big fall. One strategist says it’s not good to see that stocks there have been rallying on both good and bad economic news.
(snip)
(Excerpt) Read more at blogs.marketwatch.com ...
Pigs get fat.
Hogs get slaughtered.
Think he knows that an economy that is built on borrowed and printed money eventually collapses.
It might just be a hedge. After all, he’s got much more than the amount he’s short under management. Portfolio positioning has to be thought of in percentages.
Apparently he does. Pretty bit short position. Or, he forced some reporter to publish a lie. I believe the latter.
Why would George Soros allow any of the Muppets to have usable information. His reputation is being used to manage perspective.
Read Rick Edelman’s book. He loves the S & P500. Take the lump sum and put it there.
Remember how the UK was ridiculed for going against the US and EU model of bailing out banks and printing tons of money,but instead instituted austerity measures?
Our chattering classes said the Brits were foolish to do it their way. Now the US is still floundering, the EU countries are slowing down again, and the only economy really recovering is in the UK.
Perhaps we should have taken some bad tasting medicine immediately after the crash, instead of listening to the very people who caused the crash as they continued ladling out their bad advice.
Exactly.
Didn’t China and Russia agree to stop using the dollar?.
I’m told this is the thing to watch and yes, it is down. In the spring it hovered at a nice stable range between 2.5 and 2.6. Anything over 2.58 indicates over heating.
The Baltic Dry Index has been holding down with some up ticks but I also see truck freight has been up. Rail freight is skewed by oil transport so hard to gauge.
Grain is down, cattle are finally flat the market is down to flat and oil is down.
I’d say the best we can look forward to is stagnation.... I see no signals of recovery, it has already happend. A jobless and joyous recovery. The market has done less than about 2% annual rate of return since 2007. Nobody can retire on that or do much else. Good thing you can borrow money for free?
Speaking of SPY.
Does Soros know something you don’t? I don’t know. Do you know that the markets are rigged?
Bkmrk
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***...when mere mortals like us get to see how the big boys rolled the dice in the last quarter.***
That’s a good way to put it.
Nah, TVIX and UVXY. Play the volatility...BTFD’s S&P going to tube, when it does you’ll get paid.
A lot of buzz about this on a related thread, this morning, a NEWSMAX/FINANCE article had a link to the actual 13-F filing with the Securities and Exchange Commission and it seems this "Soros-betting-crash" story is bogus. Apparently while the Soros fund does in fact have $2.6B in puts, it also has $10.1B in stocks and $0.6B in calls. IOW for every dollar in downside hedging he's got $4.10 in upside bet.
Maybe I'll be changing my strategy to increase my upside investments to that level too...
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