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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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1 posted on 08/18/2010 8:33:28 PM PDT by The Magical Mischief Tour
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To: The Magical Mischief Tour

I bailed out 6 months ago!


2 posted on 08/18/2010 8:36:57 PM PDT by Tagurit (Are your pigs fed, watered and ready to fly?)
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To: The Magical Mischief Tour

read tomorrow


3 posted on 08/18/2010 8:37:10 PM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: The Magical Mischief Tour

wasnt crashing the US his plan all along...


4 posted on 08/18/2010 8:40:19 PM PDT by dalebert
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To: The Magical Mischief Tour

George has always been real good at knowing when to bail out on things.


5 posted on 08/18/2010 8:40:29 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: The Magical Mischief Tour

Sure wouldn’t mind reading his obit in the morning news...


6 posted on 08/18/2010 8:40:35 PM PDT by Blue Collar Christian (A "tea bagger"? Say it to my face. ><BCC>)
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To: The Magical Mischief Tour

Damn, I’ll have to sell my Netflix tomorrow. Where was he last year when it was at 50? Now he is buying it in the 100’s??

Sounds like he is listening to Cramer . . . 3 of the C.A.N.D.I.E.S.


7 posted on 08/18/2010 8:43:48 PM PDT by LRoggy (Peter's Son's Business)
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To: Blue Collar Christian

too late...damage done


8 posted on 08/18/2010 8:45:31 PM PDT by RckyRaCoCo
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To: The Magical Mischief Tour

The miserable guy deserves to go broke. Not a concern in the World, except for himself. And he wants everyone to believe he’s a great guy.


9 posted on 08/18/2010 8:45:55 PM PDT by popdonnelly (Democrats = authoritarian socialists)
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To: The Magical Mischief Tour

Anyone powerful enough to “rescue” the stock market also has enough power to crash it.


10 posted on 08/18/2010 8:46:33 PM PDT by SpaceBar
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To: LRoggy

Yeah, I made a killing on Net Flix, bought into it about a year ago around $38.00/share.

Sold it for almost $140/share.


11 posted on 08/18/2010 8:48:37 PM PDT by The Magical Mischief Tour
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To: The Magical Mischief Tour

In 1/2 the month the National Debt has risen $129 Billion

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
07/30/2010 8,702,457,766,405.64 4,535,269,210,484.39 13,237,726,976,890.03
08/02/2010 8,771,691,103,893.80 4,525,135,555,495.73 13,296,826,659,389.53
08/03/2010 8,771,462,133,533.12 4,530,175,683,617.83 13,301,637,817,150.95
08/04/2010 8,771,791,514,324.99 4,530,510,162,975.11 13,302,301,677,300.10
08/05/2010 8,777,035,305,005.64 4,533,852,046,660.16 13,310,887,351,665.80
08/06/2010 8,777,088,587,625.31 4,533,025,681,907.00 13,310,114,269,532.31
08/09/2010 8,776,823,621,528.39 4,534,426,605,934.48 13,311,250,227,462.87
08/10/2010 8,778,544,682,843.82 4,541,286,254,147.21 13,319,830,936,991.03
08/11/2010 8,778,639,712,764.28 4,529,232,185,228.65 13,307,871,897,992.93
08/12/2010 8,787,069,744,688.51 4,529,979,092,828.61 13,317,048,837,517.12
08/13/2010 8,786,780,915,472.22 4,528,637,036,402.78 13,315,417,951,875.00
08/16/2010 8,825,308,128,496.03 4,531,686,059,845.41 13,356,994,188,341.44
08/17/2010 8,825,395,074,863.64 4,539,344,786,476.89 13,364,739,861,340.53


12 posted on 08/18/2010 8:49:06 PM PDT by Steelers6
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To: Blue Collar Christian

That makes two of us, at the very, very, very least.


13 posted on 08/18/2010 8:58:11 PM PDT by Postman
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To: dalebert

An uber creep who is completely unburdened with a conscience.


14 posted on 08/18/2010 8:58:43 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Tagurit

“I bailed out 6 months ago!”

Ditto.


15 posted on 08/18/2010 9:20:04 PM PDT by catnipman (Cat Nipman: Made from the Right Stuff!)
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To: The Magical Mischief Tour

Cool! Good riddance!


16 posted on 08/18/2010 9:21:32 PM PDT by bvw
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To: Seaplaner
"An uber creep who is completely unburdened with a conscience."

A wonderful pithy statement that only improves with pondering.

17 posted on 08/18/2010 9:26:21 PM PDT by Grammy
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To: Blue Collar Christian

Sure wouldn’t mind reading his obit in the morning news...


An obit from HELL.


18 posted on 08/18/2010 9:30:51 PM PDT by unkus
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To: The Magical Mischief Tour

Gotta watch until the end:

http://www.youtube.com/watch?v=vXuu88e8JAM


19 posted on 08/18/2010 9:31:45 PM PDT by gaijin
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To: The Magical Mischief Tour

If Soros bails out, the sucker’s gonna crash. He knows.


20 posted on 08/18/2010 9:32:14 PM PDT by unkus
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To: The Magical Mischief Tour

I misread....I thought it said “Soros Bailing out the US Stock Market”......LOL


21 posted on 08/18/2010 9:36:52 PM PDT by cherry
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To: Blue Collar Christian

Problem is, his money will live on.


22 posted on 08/18/2010 9:37:04 PM PDT by Uncle Ivan (Alea iacta est)
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To: The Magical Mischief Tour

“Billionaire manipulator” would be closer.


23 posted on 08/18/2010 9:39:30 PM PDT by Moose Burger
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To: unkus

“If Soros bails out, the sucker’s gonna crash. He knows. “

Indeed, this is something to lose sleep over.


24 posted on 08/18/2010 9:40:21 PM PDT by GraceG
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To: The Magical Mischief Tour

Well, you can’t be too careful - the poor guy could end up with only a single regiment of butlers.


25 posted on 08/18/2010 9:40:45 PM PDT by Jack Hammer
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To: Tagurit
I bailed out 6 months ago!

Me too. If you're not out now, better get to it. MHO, of course. That opinion is worth less than you paid for it :-)

26 posted on 08/18/2010 9:40:54 PM PDT by upchuck (Unemployment benefits -- the NEW Welfare.)
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To: The Magical Mischief Tour

Out before Soros!


27 posted on 08/18/2010 9:43:10 PM PDT by clintonh8r (Heckuva job, Brownie!.)
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To: cherry
” misread....I thought it said “Soros Bailing out the US Stock Market”......LOL”

Me too. LOL. My first thought was well he ought to bail it out since he probably was a big contributing factor to the 2008 crash.

.

28 posted on 08/18/2010 9:47:12 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: GraceG

Indeed, this is something to lose sleep over.


Are you serious or just kidding me? I’m not going to lose sleep over it.


29 posted on 08/18/2010 10:01:42 PM PDT by unkus
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To: The Magical Mischief Tour

This article actually gave me the chills. This could be the beginning of the end....


30 posted on 08/18/2010 10:12:00 PM PDT by FarRightFanatic (It wasn't an election. It was a socialist coup.)
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To: Tagurit
I bailed out 6 months ago!

I got out in May. Lately I have been wondering if I should have waited a little longer. Not any more.

A lot of economists and financial pundits (and Freepers) have been saying the economy is going to collapse next year. Looks like Soros agrees them.
31 posted on 08/18/2010 10:18:08 PM PDT by Ticonderoga34 (Free Obama's Birth Certificate!)
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To: The Magical Mischief Tour

Golly, right according to plan. At a tender time, “sores” pulls out billions causing runs and instability. Who would have thought THAT?


32 posted on 08/18/2010 10:18:37 PM PDT by Danae (Anal nathrach, orth' bhais's bethad, do che'l de'nmha.)
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To: The Magical Mischief Tour

ping


33 posted on 08/18/2010 10:24:41 PM PDT by rlmorel (America: Why should a product be deemed a failure if you ignore assembly and operation instructions?)
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To: FarRightFanatic

This article actually gave me the chills. This could be the beginning of the end....


One step closer, for sure.


34 posted on 08/18/2010 10:38:02 PM PDT by unkus
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To: Steely Tom
George has always been real good at knowing when to bail out on things.

Too bad his father didn't.

35 posted on 08/18/2010 10:41:45 PM PDT by upsdriver (ret.)
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To: The Magical Mischief Tour

But...our “beloved” president says we’re in a recovery! /s


36 posted on 08/18/2010 10:42:27 PM PDT by july4thfreedomfoundation (The rallying cry of American patriots.....REMEMBER IN NOVEMBER!)
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To: The Magical Mischief Tour

Another looter and plunderer of america leaves the casino with a full pot


37 posted on 08/18/2010 11:02:33 PM PDT by KTM rider ( ..........tell me this really isn't happening ! !)
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To: The Magical Mischief Tour

Soros knows something and that something probably means the stock market will take an engineered nose dive. Or he’s simply trying to make it seem that way.


38 posted on 08/18/2010 11:07:48 PM PDT by TheThinker (Communists: taking over the world one kooky doomsday scenario at a time.)
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To: The Magical Mischief Tour
Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill.

So it's not a total sell-off but it does show pessimism in the market. I watched Ted Turner do this 4-5 years ago. It's a controlled sell-off, designed to let the market recover a little then sell off more, then recover a littler, then sell off more, rinse, repeat.

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

39 posted on 08/18/2010 11:16:03 PM PDT by OrangeHoof (Washington, we Texans want a divorce!)
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To: The Magical Mischief Tour

Well it is a hedge fund after all, so we will never know what his short and long positions are. The article means little.


40 posted on 08/19/2010 12:05:58 AM PDT by BlueCat
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To: The Magical Mischief Tour

Me too. Slowly.


41 posted on 08/19/2010 12:26:57 AM PDT by Uncle Miltie (Why are 100% of Rape / Assaults in Oslo, Norway, committed by Muslims?)
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To: gaijin

LOL! I love it!


42 posted on 08/19/2010 12:30:00 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: The Magical Mischief Tour

great, Soros gave us Obozo and a ‘Rat Congress, and now he doesn’t even have the decency to “stay the course” with his investments...... if anyone deserves to lose everything over the current govt/economy it is Soros


43 posted on 08/19/2010 12:43:09 AM PDT by Enchante ("The great enemy of clear language is insincerity." -- George Orwell --)
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To: Blue Collar Christian

When the US falls, it will cause chaos around the globe. We can only hope a little finger of it touches Soros, until he is dead.


44 posted on 08/19/2010 12:53:09 AM PDT by Republic of Texas (Socialism Always Fails)
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To: The Magical Mischief Tour

I MADE BILLIONS OF DOLLARS OFF YOU SAPS!

HAVE A NICE DAY. :)


45 posted on 08/19/2010 12:54:06 AM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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Soros was the same guy saying Gold was a bubble as he was buying it. Methinks he enjoys trying to manipulate the market based on fear. It’s his ‘reflexivity’ theory in practice.


46 posted on 08/19/2010 1:29:17 AM PDT by FreeStateYank (I want my country and constitution back, now!)
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To: The Magical Mischief Tour

I’m bailed, believe it.


47 posted on 08/19/2010 1:41:53 AM PDT by Lancey Howard
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To: The Magical Mischief Tour

I’m no expert, but is keeping five billion dollars in the stock market really bailing out?


48 posted on 08/19/2010 1:46:48 AM PDT by firebrand
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To: The Magical Mischief Tour

This guy should have been sued since a long time for frauds, conflict of interests, illegal political activities...I am wondering if he paid McCunt who was so weak beside Obama during the campaign as many RINOS singing the bipartisan song


49 posted on 08/19/2010 2:04:27 AM PDT by Ulysse (s)
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To: GraceG

It’s election time, many get out because of the doubt. Not me, either the Democrats lose in the next 2 elections, or most everything is going to be worthless


50 posted on 08/19/2010 3:19:30 AM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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