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08-19-2010, 11:26 PM #1
Soros Bailing Out of U.S. Stock Market
Remember what he did to the pound .
Wednesday, August 18, 2010
Soros Bailing Out of U.S. Stock Market
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.
He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer.
His biggest position 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.
Bottom line: He is bailing out of U.S. stocks that are impacted by the overall economy, and just buying special situation stocks that are less impacted by a downturn in the economy.
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08-20-2010, 10:09 AM #2
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- Aug 2009
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Well sure he has done what damage he could do, but now his name is being brandied about and who in politics he finances and is behind is getting out to the public....All or most of his political hacks will probably not get elected and who knows what might happen, wouldn't it be nice if they all went down for treasonous acts against our Country and Constitution...and hopefully that will be on all sides of the political spectrum...
KICKTHEMALLOUT!!!!!
Kathyet
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