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Man who broke Bank of England increases bet against US stock market
Telegraph UK ^ | 8/15/14 | Ping Chang

Posted on 08/17/2014 3:17:08 PM PDT by mgist

Billionaire investor George Soros increased his bet against the US stock market by more than 600pc in the second quarter, regulatory filings show.

The man dubbed "the man who broke the Bank of England" for his $10bn bet against sterling in the 1990s, has now taken out a $2.2bn bet that the S&P 500 will fall, according to a filing with the Securities and Exchange Commission.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Crime/Corruption; Government
KEYWORDS: sorossp500
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1 posted on 08/17/2014 3:17:08 PM PDT by mgist
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To: mgist

Soros reportedly played a part in undermining banks and currencies during the Asian financial crisis of 1997.


2 posted on 08/17/2014 3:18:28 PM PDT by mgist (.)
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To: mgist

I guess Soros has placed his order with the White House for more cities to have race riots.


3 posted on 08/17/2014 3:27:13 PM PDT by BwanaNdege ( "Our Emperor may have no clothes, but doesn't he have a wonderful tan" - MSM)
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To: mgist

He doesn’t just bet against, he actively undermines through the buying of morally bankrupt stooges to do his dirty work. Soros has been doing satan’s work since WWII.


4 posted on 08/17/2014 3:30:17 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Mastador1

Break Soros then take down his inner circle.


5 posted on 08/17/2014 3:33:58 PM PDT by EQAndyBuzz ("“Manchuria Called. They want their Candidate Back!”")
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To: mgist
This takes Soros Fund Management's short position on the index from 3pc of his portfolio to 17pc. Mr Soros's net position on the index remains long.

It's like he has a $5 bet that the market will go up, versus a $1 bet it will go down.

BFD.

6 posted on 08/17/2014 3:35:56 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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I thought they were going to artificially keep the stock market up until an ( R) gets elected president. I supose crashing it when an (R) senate gets elected works too, but I thought the (R) president was more effective because you can cast singular blame like the “Bush Recession” which started before he even won the primary


7 posted on 08/17/2014 3:38:52 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%i)
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To: Toddsterpatriot

But a put option on an index is a very different animal from a long position in actual stocks. The put provides tremendous leverage, but for a limited time before it expires worthless.

Soros is probably holding a mixture of durations and strike prices. Some of them may be ‘in the money’. But if the market keeps going up, or stays even, he will lose more on the puts than he gains on the stock.


8 posted on 08/17/2014 3:44:56 PM PDT by proxy_user
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To: mgist

He is also considered an economic terrorist by the government of Malaysia.

And he was a traitor to the Jewish people in WWII. Some say he was only 13. There were other 13 year olds in the war that weren’t traitors.

It certainly won’t break my heart when we hear this evil scum is pushing up daises.


9 posted on 08/17/2014 3:51:17 PM PDT by boycott
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To: proxy_user
But a put option on an index is a very different animal from a long position in actual stocks.

I know. But if he were planning some catastrophic event to tank our markets, he'd be selling his stocks, not keeping 5/6ths of his fund betting to the upside.

10 posted on 08/17/2014 3:53:42 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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FReepers, Let's go!
Everyone needs to donate!

All contributions are for the current quarter expenses.



FReepathon day 47.

Two percent a day keeps the 404 away.

11 posted on 08/17/2014 3:59:25 PM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: boycott

Sadly, I believe he has TWO evil spawn who will take his place...

Sort of like Saddam Hussein...


12 posted on 08/17/2014 4:18:18 PM PDT by bfh333 ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: EQAndyBuzz

I agree, except but behind Soros is Rockefeller.

As far as I’m concerned, Obama did us a favor. He ended the illusion,,at least for me. The media is controlled and we are not free. If they can install an empty suit like Obama, they can install anyone, anywhere.

The media omits the fact that Soros is a convicted felon in EU. He was also involved in undermining banks and currencies during the Asian financial crisis of 1997. He installs governments with NGO’s in EVERY part of the world, most of which are currently troubled. These benefactors of Soros “Open Society” charitable efforts become major drug trafficking and money laundering narco states. Soros’ banks in Colombia were well known in the 1980’s.

Soros’ OSIWA Open Society “Initiatives” for West Africa alone are in 10 countries (Benin, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Niger, Nigeria, Senegal, and Sierra Leone). All happen to be major drug trafficking nations, which have mysteriously succumbed to an Ebola epidemic. If Ebola was personified, it would Soros. He knows how to profit from the misery of others. The Rockefeller and Rothschild establishment obviously appreciate the money laundered in their banks, and the elimination of what they consider inferior populations, via war and drugs. Rockefeller has been very clear about his disdain for the growing population. They were behind Planned Parenthood, Margaret Sanger, and the Planned “elimination of inferior races”.

They have blood on their hands and God will take of them. Everyone else take care of your families. Nothing is what it seems.


13 posted on 08/17/2014 4:31:47 PM PDT by mgist (.)
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To: bfh333

Sadly, I believe he has TWO evil spawn who will take his place...


I am not worried about soros or his children.


14 posted on 08/17/2014 4:36:26 PM PDT by boycott
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To: Toddsterpatriot
I told you to stop using logic on these threads.

It hurts other posters' self-esteem.

15 posted on 08/17/2014 4:52:14 PM PDT by wideawake
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To: mgist

Bookmark


16 posted on 08/17/2014 5:01:11 PM PDT by Pajamajan ( Pray for our nation. Thank the Lord for everything you have. Don't wait. Do it today.)
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To: Toddsterpatriot; expat_panama; 1rudeboy
Hi, Toddy--

Soros is simply undertaking a partial hedge of his position. As you note, the hedge will only last until roughly the expiration date of the options, at which point (or before) he will undoubtedly adjust his position again.

Keep in mind also that we are only being afforded a look at ONE of his numerous portfolios. I will continue to ignore this current Soros "story"; until and unless we somehow learn a lot more about Soros' FULL set of machinations, any trading activity whatever that is taken on the basis of this current "revelation" is nothing other than gambling, certainly not investing.

It's very disturbing to see the claptrap that is posted here about stocks, and Soros, and ESPECIALLY options.

17 posted on 08/17/2014 5:21:21 PM PDT by SAJ
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To: SAJ
Don't tell anyone, but every single one of his options.....is a derivative.

It's because they're evil!

18 posted on 08/17/2014 5:26:59 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
More claptrap, real crap claptrap, of course. Well, suits me. The more people who don't understand options, and yet pontificate about them, the better I should do.

The idiots in the media have demonised the very word "derivative" without understanding for a moment that it is not derivatives that are "evil", but rather abuse of leverage...which abuse (on a serious basis) began in the late 1980s and continues to this day. By objective measure, this abuse has almost surely gotten worse over time, as banks et al. attempt feverishly to recoup their losses from 2000-2002 and 2007-2009.

Just call me Sgt. Schadenfreude, eh?

;^)

19 posted on 08/17/2014 5:34:37 PM PDT by SAJ
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To: mgist

With all that money he could undoubtedly help those nations where the people are sick with Ebola.

Let’s send him over so he can deliver a cure.


20 posted on 08/17/2014 6:28:26 PM PDT by DoughtyOne (We'll know when he's really hit bottom. They'll start referring to him as White.)
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