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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: hoe_cake

Probably 20%; I’m turning the big 5-0 this year!


121 posted on 08/19/2010 10:56:44 AM PDT by AbolishCSEU
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To: hoe_cake

Probably 20%; I’m turning the big 5-0 this year!


122 posted on 08/19/2010 10:56:50 AM PDT by AbolishCSEU
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To: higgmeister

i stand corrected!


123 posted on 08/19/2010 10:57:45 AM PDT by AbolishCSEU
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To: higgmeister

i stand corrected!


124 posted on 08/19/2010 10:57:45 AM PDT by AbolishCSEU
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To: AbolishCSEU

the big 5-0?

you’re just a baby. LOL.

Roll it over, you’ll need that 401K.


125 posted on 08/19/2010 10:58:00 AM PDT by hoe_cake ( Society of the Descendants of the Signers of the Constitution)
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To: The Magical Mischief Tour
Just a thought ... I wouldn't put anything past Soros; getting a few billion liquid may set him in a position to buy like crazy come October 15th or so and try to stampede the market into a rally just before the election. In order to do that you need to have assets "out" of the market and shift them "into" the market at just the right time.

He doesn't have to report again until after the election ...

Anyway who thinks Soros and his ilk are just conceding the election to the republics, and thereby giving them the power of the Congressional supeona, and the ability to tie BO in knots, I think, seriously under-estimates these folks.

Also, prepare for a "wag the dog" incident - the Dems need to get the economy off the front page. Hell, even the drive-by media is starting to report BO's tanking numbers ...

126 posted on 08/19/2010 11:12:19 AM PDT by In Maryland ("Impromptu Obamanomics is getting scarier by the day ..." - Caroline Baum)
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To: Just A Nobody
I remember him saying he'd spend his last dollar if it meant defeating Bush.

I always wondered if he was trolling for an assassin.

127 posted on 08/19/2010 11:48:55 AM PDT by 4woodenboats (Defend America peacefully, vigorously, and swiftly against all enemies before she becomes a memory)
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To: hoe_cake

I must mention that I’m joining the dreaded dark side NYS retirement system as of tomorrow; does this have any bearing?


128 posted on 08/19/2010 11:49:27 AM PDT by AbolishCSEU
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To: AbolishCSEU

I don’t know enough to answer that question.


129 posted on 08/19/2010 11:53:58 AM PDT by hoe_cake ( Society of the Descendants of the Signers of the Constitution)
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To: Tagurit

I bailed Nov. 2008


130 posted on 08/19/2010 11:57:38 AM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: algernonpj

Didn’t Mussolini define fascism as corporatism?

Yes, there is that final step, but since we are having this conversation without fear of prison or worse proves there is still hope.

Although I don’t see that cloud with a silver lining.

Depression...Treason from within...World War III brewing...

“The Perfect Storm” to end the United States.

A Chinese curse: “May you live interesting times.”


131 posted on 08/19/2010 12:03:05 PM PDT by Ronbo1948
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To: Son House

When Herr Pelosi was elected as Queen of America with Reid as her best buddy, I got out of the stock market and sold every mutual fund we owned with the exception of two.

We invested the proceeds in AAA bonds, cds and ETFs with stop loss orders updated weekly. My wife stayed invested in her 401k.

In May 2007 the first Pelosi/Reid market hit came, and every ETF we owned except GLD and SLV hit the stop loss orders. We were on vacation and could have lost a lot if we were still in the market. My wife took about a 15% hit with her 401k. She stayed in the market with her 401K until the next 10% hit came. That happened a few months while we were on a cruise to Alaska. When we got back, she told me to get her out of the mutual fund selections and to go to a treasury fund. She basically rolled most of her 401k into her Fido Ira a few months after that. She was over 65.

According to Fido, in the past 3 years, we have averaged about a 10% growth rate from year to year.


132 posted on 08/19/2010 12:49:18 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...

Wake me when the story is, Soros bails out of a plane without a chute. Thanks The Magical Mischief Tour.


133 posted on 08/19/2010 2:52:48 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: gaijin

Cool.


134 posted on 08/19/2010 2:59:55 PM PDT by TheOldLady
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To: The Magical Mischief Tour

It really doesn’t take a George Soros to figure out where this market is going, thanks in large part to his puppets in power.


135 posted on 08/19/2010 3:04:29 PM PDT by windsorknot
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To: Doe Eyes
Or maybe $27 Million.

Oooops! My bad...thanks for the correction!
Although you must admit when it comes to Soros, a million and a billion are difficult to distinguish.

136 posted on 08/19/2010 3:05:46 PM PDT by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: 4woodenboats
Hi boats!

I remember him saying he'd spend his last dollar if it meant defeating Bush.

Now that you mention it, I remember that, too.

I always wondered if he was trolling for an assassin.

No doubt!!!

137 posted on 08/19/2010 3:08:09 PM PDT by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: The Magical Mischief Tour

He’s buying up the Indian stock market, according to a news source I read here on Freep.


138 posted on 08/19/2010 3:46:00 PM PDT by MissyMack66
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To: SunkenCiv

We’ll all be dancing on that day. That old coot has some seriously bad Karma.
I can’t believe he can’t sense that everybody hates him. Sociopath?


139 posted on 08/19/2010 4:04:20 PM PDT by TheOldLady
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To: Ronbo1948

He stayed at a Holiday Inn Express. :-)


140 posted on 08/19/2010 4:12:42 PM PDT by CommieCutter (A Centrist Democrat is now defined as: between Socialism and Communism.)
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