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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: Tagurit

WE bailed out in February!


101 posted on 08/19/2010 8:42:21 AM PDT by REPANDPROUDOFIT (General, sir, it's ok to call me "ma'am"!)
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To: stefanbatory
we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)

We were in much better shape during to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.
102 posted on 08/19/2010 8:43:24 AM PDT by algernonpj (He who pays the piper . . .)
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To: OrangeHoof

He may actually have been too heavy in the market as a way to keep Obama from looking too criminal for awhile.

As far as I’m concerned. Soros is a criminal. He is worse thana criminal he is a demon from hell who saved his ugly hide during Hitlers reign be selling out his own people. When I see that disgusting grin and his beady eyes I see someone who has no soul. He has so much money he plays with countries and peoples lives for profit and for pleasure. Satan stalks his soul.!


103 posted on 08/19/2010 8:48:47 AM PDT by Bitsy
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To: OrangeHoof
He may actually have been too heavy in the market as a way to keep Obama from looking too criminal for awhile.

As far as I'm concerned. Soros is a criminal. He is worse than criminal he is a demon from hell who saved his ugly hide during Hitlers reign be selling out his own people. When I see that disgusting grin and his beady eyes I see someone who has no soul. He has so much money he plays with countries and peoples lives for profit and for pleasure. Satan stalks his soul.!

104 posted on 08/19/2010 8:49:17 AM PDT by Bitsy
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To: algernonpj

the typo gremlin got me again!

We were in much better shape to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.


105 posted on 08/19/2010 8:50:10 AM PDT by algernonpj (He who pays the piper . . .)
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To: Blue Collar Christian

I wouldn’t mind Writing it!


106 posted on 08/19/2010 8:53:07 AM PDT by toofast2
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To: Ulysse
I am wondering if he paid McCunt who was so weak beside Obama during the campaign...

Yes. You may recall Soros spending $27 Billion on the Kerry campaign of '04 in an effort to defeat President Bush.

In 2008, he had no intention of losing, therefore he funded McCain, Hillary! and nObama. He aimed to win regardless of who assumed the position.

107 posted on 08/19/2010 8:53:22 AM PDT by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: SpaceBar

yep.


108 posted on 08/19/2010 9:08:53 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Bitsy

Yes ... Soros has a history of this :
On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.

Finally, the Bank of England was forced to withdraw the currency from the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”

The Times of Monday, October 26, 1992, quoted Soros as saying: “Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.”

Soros tells the West: We must reform to help poor
Soros is still blamed for triggering the Asian crisis of 1997 which started a chain reaction that led to the Russian loan crisis, the near collapse of the hedge fund Long Term Capital Management and finally the Brazilian crisis in 1999. Mahathir Mohammed, the prime minister of Malaysia, famously called him a “moron”.

In his book, Mr Soros denies claims that he started the crisis as a “wholly unfounded”. He admits Soros Fund Management foresaw a crisis and “shorted” the Thai bhat and Malay ringgit - agreeing to sell stocks of the currencies it did not yet own.

Instead he blames the international financial system and argues that this is one of the reasons why it needs to be more tightly controlled. Given that belief it is understandable that he should be surprised to be subjected to a barrage of insults during a recent debate the opponents of with globalisation.
http://www.independent.co.uk/news/business/analysis-and-features/soros-tells-the-west-we-must-reform-to-help-poor-688016.html
91 posted on Tuesday, February 17, 2009 12:07:22 AM by dervish

Soros Calls His Felony Conviction in France “A Gift to My Enemies in the U.S.”
http://larouchepac.com/news/2009/02/24/soros-calls-his-felony-conviction-france-gift-my-enemies-u-s.html
Soros’s indictment arose from a vast scam targeting one of a France’s oldest, nationalized banks, Société Générale (SocGen) for privatization. Eleven high-level financial operatives were indicted in the scam; some, like Robert Maxwell, and Edmund Safra, were killed in mysterious and bizarre accidents while the case dragged on. Soros was the only one found guilty. The date of the appeal argument in Strasbourg is not yet known.

Soros has destroyed at least 5 different countries currency just to line his own pockets.

Soros and Russia, too? [excellent and informative article]
http://www.americanthinker.com/2008/02/george_soros_and_the_alchemy_o.html


109 posted on 08/19/2010 9:15:24 AM PDT by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: algernonpj

do you think the flappers and the yuppies will be regarded any differently by history?


110 posted on 08/19/2010 9:28:08 AM PDT by stefanbatory (Insert witty tagline here)
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To: AbolishCSEU

You’ve still got to watch out for that lysdexia though.


111 posted on 08/19/2010 9:35:38 AM PDT by higgmeister ( In the Shadow of The Big Chicken!)
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To: Just A Nobody
Soros tells the West: We must reform to help poor

I don't see him pledging one red cent of HIS money to help the poor. People are starving and he is destroying economies. I know some articles describe him as a philanthropist but he only does things that profit him and his beliefs and no one else.

I believe he is in his 80s and he doesn't realize that tomorrow he could be deader than a door nail and his body be lying in a dark casket with NOTHING in his pockets and his soul acquired by Satan himself. He is a wretched, a moral little worm - no one will morn his passing maybe except the people on his payroll.

112 posted on 08/19/2010 9:43:51 AM PDT by Bitsy
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To: AbolishCSEU; hoe_cake; Grampa Dave

My take is the risk in the stock market, beside Democrats ruining it all, is the inflation of the stocks you hold beats out the stocks Democrats put out of business.

I left most my old 401k alone because the service fee was $0.07 per $100, where it is usually $1.50 per $100. I also had some roll-over, but I am a long term bull, being if Democrats ruin it all, we are all going to be mad and poor.


113 posted on 08/19/2010 9:46:37 AM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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To: The Magical Mischief Tour
One more nail in the casket Soros and Obama have crafted for our economy.
114 posted on 08/19/2010 9:47:59 AM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: algernonpj

we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)


We were in much better shape during to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.

Germany, Italy and Japan reacted to the Great Depression by putting fascist dictatorships in power, and USA came darn close to fascism under the New Deal.


115 posted on 08/19/2010 9:55:40 AM PDT by Ronbo1948
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To: Ronbo1948
... ... Germany, Italy and Japan reacted to the Great Depression by putting fascist dictatorships in power, and USA came darn close to fascism under the New Deal.

Good point. Considering that capitalism has already pretty much morphed to corporatism, we are again frighteningly close to the final step to either fascism or a fascist dictatorship. There are times when I think its already a done deal,just the name hasn't changed.
116 posted on 08/19/2010 10:07:11 AM PDT by algernonpj (He who pays the piper . . .)
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To: Just A Nobody
You may recall Soros spending $27 Billion on the Kerry campaign of '04 in an effort to defeat President Bush.

Or maybe $27 Million.

117 posted on 08/19/2010 10:14:29 AM PDT by Doe Eyes
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To: manc

Bought high and sold at all time lows? Ouch.

Consider me foolish, and I guess only time will tell, but I’m long F and RSO, among a few others.


118 posted on 08/19/2010 10:23:57 AM PDT by Disciplinemisanthropy
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To: The Magical Mischief Tour

The rat smells a rat?


119 posted on 08/19/2010 10:33:23 AM PDT by AngelesCrestHighway
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To: The Magical Mischief Tour

I think he’s just f’ing around. trying to scream fire in a crowded theater sort of thing.


120 posted on 08/19/2010 10:49:02 AM PDT by Ancient Drive (DRINK COFFEE! - Do Stupid Things Faster with More Energy!)
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