Skip to comments.Soros Bailing Out of U.S. Stock Market
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.
I bailed out 6 months ago!
wasnt crashing the US his plan all along...
George has always been real good at knowing when to bail out on things.
Sure wouldn’t mind reading his obit in the morning news...
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.
too late...damage done
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.
Anyone powerful enough to “rescue” the stock market also has enough power to crash it.
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.
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
That makes two of us, at the very, very, very least.
An uber creep who is completely unburdened with a conscience.
“I bailed out 6 months ago!”
Cool! Good riddance!
A wonderful pithy statement that only improves with pondering.
Sure wouldnt mind reading his obit in the morning news...
An obit from HELL.
Gotta watch until the end:
If Soros bails out, the sucker’s gonna crash. He knows.