Does George Soros Know Something We Don’t About The S&P 500?

Mrket Watch ^ | 8-16-2014 | Barbara Kollmeyer

[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.

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[Lurkina.n.Learnin]

“Maybe I’ll be changing my strategy to increase my upside investments to that level too... “

I’m trying too but I’ve got a long way to go before I have $10.1B to invest. ;^) They did only tell part of the story when they report he raised his puts. I’ve noticed rationality crashes in any conversation when you mention Soro’s name.