I will point this out from recent weeks....George Soros....always the manipulator of countries and stocks....has waged a “put” on the S&P 500...of roughly $1.4 billion. That in effect says....he’s betting on a fairly good spiral downward between now and the end of 2014.
If this was a simple $50 or $100 million gamble...it wouldn’t say much. But it’s a fair sum of money. How much is Soros worth? Around twenty billion (at least it’s believed to be that much).
I believe at the right point where things fall into place...the remaining nineteen billion will be pulled and sat on for weeks and months. Soros has manipulated markets before, and taken huge profits. I believe this 1929 parallel chart business goes hand-in-hand with his strategy.
I should also point this out...days before the 1929 market collapse....several investors took their profits and walked away from the stock market. This triggered a minor drop or two in the day or two leading up to the collapse. No one talks names or identifies what the strategy was at the time....and it was never reported because of naive reporters on the topic of finance.
He owns the “Jakarta Street Kid” in the White House. What do you think now?