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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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