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.
Me too. Slowly.
LOL! I love it!
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
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.
I MADE BILLIONS OF DOLLARS OFF YOU SAPS!
HAVE A NICE DAY. :)
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.
I’m bailed, believe it.
I’m no expert, but is keeping five billion dollars in the stock market really bailing out?
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
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
Maybe there’s another reason. Someone in Justice is on to him and he’s on the verge of having his assets frozen.(as long as we’re tossing out theories ;-).)
Looking forward to the day when we no longer share air with this creep.
I always thought it was the other way around:
Political traitor and billionaire manipulator.
Mr. Soros recently bought Salesforce shares? He does live on the edge. That's currently some pricey stock to be buying in a weak market.
Ban him from the US Stock exchange....
he is an enemy alien.
he crashed it back in ‘08 and now he should be barred.
Oh great, he helped create the mess now he’s bailing out on his project to screw up America.
Watch the money. This man is the ultimate of sleaze.
Rats leaving the ship
I’m changing jobs as of tomorrow; should I cash out my 401K? seriously i’m remodeling my house and could use the extra cash; lived without a kitchen floor for coming up on 4 years now (do everything on a cash basis; no debt).
Oh and sadly, I’m moving to the “dark side.” Got a job in the public sector, but it’s the only job that I don’t have to ocmmute to hell’s half acre and back. Been doing that for sixteen years and am fed up!
they’re serious. we are almost due and maybe even slightly overdue for a massive stock market crash. when I say massive I mean in the neighborhood of DOW 3500 when it is done crashing. I’m sure Soros understands the markets and why they do the things they do even better than little old me, so this doesn’t surprise me much.
Also, this was a quarterly filing, right? He could have bailed out a while ago and that could have been a partial cause for some of the recent queasiness.