Soros Bailing Out of U.S. Stock Market

Economic Policy Journal ^ | 08/18/2010 | Economic Policy Journal

[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.

[cherry]

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

[Uncle Ivan]

Problem is, his money will live on.

[Moose Burger]

“Billionaire manipulator” would be closer.

[GraceG]

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

Indeed, this is something to lose sleep over.

[Jack Hammer]

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

[upchuck]

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 :-)

[clintonh8r]

Out before Soros!

[greeneyes]

” 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.

.

[unkus]

Indeed, this is something to lose sleep over.

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

[FarRightFanatic]

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

[Ticonderoga34]

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.

[Danae]

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

[rlmorel]

ping

[unkus]

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

---

One step closer, for sure.

[upsdriver]

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

Too bad his father didn't.

[july4thfreedomfoundation]

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

[KTM rider]

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

[TheThinker]

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.

[OrangeHoof]

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.

[BlueCat]

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