Will the stock market CRASH or will it continue its METEORIC rise? According to billionaire investor, George Soros, the market is due for a setback.
He has place big bets that the market will take a nose dive, and although he has been losing on that bet, he has decided to double up on that bet. This has peaked the interest of many.
Soros has played the S&P 500 to be forced downward after having a rise to record breaking ALL TIME HIGHS!
Check out this article:
Billionaire investor George Soros has upped what so far has been a losing bet on the U.S. stock market, according to recent filings.
The hedge fund manager and active supporter of progressive causes added bearish options plays to his portfolio during the first quarter.
His two primary plays — against large-caps via the S&P 500 and small-caps via the Russell 2000 — have a notional, or potential, value of $764.3 billion, according to an analysis from S&P Global Market Intelligence. The plays are through his family office Soros Fund Management.
They continue a trend he began in 2016 of betting against the market, moves that haven't worked out well considering the latest leg in the bull market. The S&P 500 is up 5.7 percent this year while the Russell 2000 is up fractionally at 0.3 percent.
As of the end of the quarter, Soros held 3.3 million shares of the iShares Russell 2000 exchange-traded fund puts, an increase of 36 percent from the previous quarter and carrying a notional value of $459.6 million. He increased his holdings of SPDR S&P 500 puts by 162 percent from the fourth quarter to 1.3 million shares, carrying a notional value of $304.7 million.
A Soros spokesman declined comment.
Puts are options to sell positions at an agreed-upon price and date.
It was a mixed bag otherwise for Soros, according to holdings in his 13-F form filed with the Securities and Exchange Commission.
A complete look at Soros' stock positions:
http://www.cnbc.com/2017/05/18/george-soros-has-added-to-his-losing-bets-against-the-stock-market.html
he dosent need to go short he needs a length of rope.......
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Great to see you blogging David. Sttemit is not going to take your earnings like YouTube has started doing. Keep it up and check out my stuff at @tremendospercy I'm all about the truth and you set me on that path.
Some insights you should know...
He always shorts planet earth, that's his full time job.
I could do without him as well as Kissinger
Man what keeps that old fossil breathing? If I were him I would have gone to the soilent green factory years ago. I'd drink the drink and watch the pretty pictures until the final sleep arrives.
Good to see you on here David. I follow all your updates. The World is getting more crazy day by day and yet so many people still are oblivious to what's going on.
Nice report I've been following you on youtube for well over a year keep up the extraordinary research.✌
If you want you can follow me
I write blogs of future trends.
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Didn't this Nazi ideologue die recently?
I guess it was too good to be true: https://www.forbes.com/sites/briansolomon/2013/04/18/hes-not-dead-reuters-publishes-premature-obituary-of-george-soros/#6b1548ae6f3c