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
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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.
What Justice Department? You mean our Justice Department? The one in Washington, D.C.? Eric Holder's Justice Department?
Not even if he was wearing a uniform and clubbing voters outside a polling place.
I’d love to see Darrel Issa taking up an investigation...he’s a got a few burners going already. It would be nice to think so, anyway.
may wish to cash it out, but I would not spend it...
If America is to have a prosperous future, the moneychanging racket of the globalized stock trade and consumer-driven economy should go away. The sooner that thing crashes, the less pain there will be when it does.
Those figures make my eyes hurt.
Me neither. The guy is not God.
I never was in. I do know all the kids love netflix. They all have it over cable. A lot of them only have Computers not tv’s.
As far as that goes, he can bail out on the country, too. And stop trying to run its government.
Too funny for coffee, thanks alot!%$@$!!!
I’ll be glad when Soros bails out of this world.
This is a MAJOR warning sign. Get out of the stock market now.
Oil and commodities may be the place to go IF the Iranian-Israeli crisis heats up, as you will get 2-4x returns.
Great post,love to see this JERK join Ted Kenndy.
Great Minds Think Alike!
The USA economy is half dead - This is designed to kick it into the grave still warm.
The Hindenburg Omen once again...1929 redux.
The poop will hit the fan by October.
Weimar Republic HERE WE COME!
He’s already on quite a few Patriot proscription lists, I understand.
I hope he has good security - especially if the economy tanks in October - this act will be long remembered.
Soros can run, but he can’t hide.
The numbers on the nation debt tell the next tale:
This is one sure fire way for a country to go bankrupt.
The downside is that you wipe out most of the private wealth and radicalize the ruined, hungry and homeless middle class who look for revenge on the authors of their destruction in a bloody civil war.
The upside is that after a generation of war, destruction, famine and mega deaths, the happy times are here again!
I do not believe that the situation will reach the level of bovine scatology striking the rotating airfoil, but it will cause a lot of consternation.
There will be less money to spend because people will be making less money (from work, stock market, capital gains, etc.) Therefore, a Weimar scenario does not seem overly likely (the only way it could come about is due to goobermint spending but with a split government ind 2011 and beyond, that should come to a screaming halt). Also, we are at or just past the peak of the commodities cycle. This means that costs for goods and food ought to decrease in the near future (probably substantially) because the costs of their inputs will decrease. Oil should get down to a level again where we will be paying around $1 a gallon for gasoline probably in 2012ish.
I hope you’re right.
Do you work on Wall Street? Stock Broker?
I bailed a year when this fool took power.
I bailed the year when this fool took power.
nope...I am a real estate agent with a very healthy interest in economic cycles...I suggest Harry S Dent’s books for an excellent explanation of how these things work on a macro level...
We got out in March and still think it was right thing to do. But most in market will lose big time if they get cause they are not 59 1/2 or in market throught there work.
What’s your tax penalty for cashing in that 401K? I’d think real hard before cashing mine in.
My personally, I was told two years ago by my father that liquid was the way to go.
Trying not to make a knee jerk reaction here to the Soros news, but am thinking seriously about selling my stocks.
ducks, this is why I will never participate in a 401k or IRA unless there is a very healthy match by my employer. I will not allow myself to be chained to the stock market bus by the 59-1/2 rule as it crashes into the side of Mount Depression...
your father was right and your window is closing...seriously consider his advice...
If you're not old enough, you'll be killed by early withdrawal penalties. What you can do is roll it over into an IRA. Very simple procedure (contact Fidelity or Vanguard), and you'll have far more investments options with an IRA than you probably did with your 401(k).
Did Soros get the unemployment numbers before today’s open??
Here is a major part of Soros’ strategy:
A.Load up on stock in oil companies that operate outside the US.
B. Short (or avoid) oil companies dependent on US exploration and production.
C. Support environmental groups focused on shutting down US production and exploration.
He’s made millions this way.
Maybe I don’t hope you’re right :-)
Hyperinflation or Depression.
Execution by firing squad or the hangman.
Either way the USA and the world is screwed, blued and tatooed for at least a generation.
I wonder if this is coordinated with some big blowout, like maybe he knows an attack on Iran is coming. Great time to collapse the world economy, if you want to destroy the entire western world.
Which he’s already said (and shown) he does.
we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)
Excellent advise. We had an IRA with Vanguard a few years ago and they were so restrictive re trades and what we could buy, we closed it out and rolled it over to Fidelity with our other IRAS.
Fidelity is easy to deal with, and you can basically buy anything.
“If you’re not old enough, you’ll be killed by early withdrawal penalties. What you can do is roll it over into an IRA. Very simple procedure (contact Fidelity or Vanguard), and you’ll have far more investments options with an IRA than you probably did with your 401(k).”
The new currency
I agree with you. If anything, he will stand before God at the Great White Throne judgement and be forced to give an account of his miserable life & greed, before he is cast into the Lake of Fire along with all unbelievers.
...as he laughingly pulls his dirty butt-stink jenga block from the bottom of the tower.
Wasn’t that worm responsible for the Black Friday in Britain?