Posted on 09/18/2024 11:03:20 AM PDT by knighthawk
A billionaire stock market visionary has revealed the shocking financial move he would make if Vice President Kamala Harris were to win the presidential election.
John Paulson, known for his lucrative bet against subprime mortgages in 2007, said on Tuesday that he would pull all his assets out of the stock market if the Democrat nominee wins.
'I think if Harris were elected, I would pull my money from the market,' he said on Fox Business' The Claman Countdown.
(Excerpt) Read more at dailymail.co.uk ...
Resulting in what?
The stock market crash and depression we’ve been being warned against for years now?
Fewer dollar’s chasing the same stock… 🤔 prices tend to head south…..
One step ahead, I have my 401K in a stable value fund, too close to retirement to let it ride on the open stock market.
IF heels-up wins, he’ll have to take a number and get in line.
There’ll be thousands of investors trying to do the same exact thing.
Just the mere threat/idea of a Harris unrealized gains tax will be the main cause of it. One’s money would be safer buried in mason jars in the backyard or under/inside a mattress.
Tell him to stay away from bodies of water.
I’ve prepared for a minimum of a 20% decline if the steal it.
Likely more, but my systems will handle it.
I see what you did there.
Short the major stocks or do index shorts.
:-)
A lot of billionaires seem to be drowning.
Yeah...I wonder if he could time a run, and pick up some cheap stocks being panic-sold.
Good move on his part buy gold because stocks will tank faster then the Titanic.
Nothing good can possible come with the Marxist winning the party is geared up for a big move.
And put it where? I’m very concerned about the US stock market, but I’m even more concerned about the US dollar going to zero.
One step ahead, I have my 401K in a stable value fund, too close to retirement to let it ride on the open stock market
If the market crater, ALL the stocks go down. S&P 500 has had periods that took multiple years to recover to baseline and that is also at risk when inflation accelerates.
Gold, silver.
Well that’s how you become a billionaire…..
No he isn’t. These clowns didn’t become billionaires by being idiots. They adjust and moderate. The president/congress/Fedgov is just a asset or obstacle to be used. The common citizens don’t have that flexibility.
Stable value fund is designed to preserve capital, my has a guaranteed fixed interest rate that follows inflation.
The main risk I have is the insurance contract companies that back the fund goes under, which is possible. If that happens the entire USA has goes under, which is very possible. Pray Trump gets in.
Interesting. The continuation question is:
...”and put it where?”
Hard Assets of Course. Land and Natural Resources, Farm Land especially.
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