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.

13 comments:

  1. Cramer was banging the table about Salesforce.com, Chipotle and I believe Netflix, pretty recently. I think in the segment he referred to them as the Military Generals of the markets, who would climb the walls of worry to storm the machine gun nests of the bears, or something silly like that. Odd to see Soros piling in. Esp to bail out of WMT? And Obama's favorite bank?

    And the pharamaceutical company that keeps everyone in America "hard" for bullish times to come?!

    Wenzel, do you have an alert set for releases about Soros or did you just happen to catch the news somewhere else?

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  2. I bet you that you could find some nice economic indicators in the data stored in Salesforce.com. I know that the large companies probably don't use it but there are thousands of medium size ones that do. It might be like cheating being able to see how long deals are taking to close and what the pipelines look like.

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  3. Soros and his god men club has caused much bloodshed and removed the free will or agency from the people of the Earth..

    It would be fitting that the Earth were Blessed to absorb all the wealth and empires of this group.. That they be left utterly penniless and vagabonds begging for their daily bread.

    May it be as the Heavenly Father, The G-d of Israel desires.

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  4. wtf gibberish are you spouting? Might as well recite lines from lord of the rings fruitcake.

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  5. The key mention in all the article, which none of you interestingly made mention of is the fact his largest holdings are in the ETF (GLD).... that was the best part of the whole article

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  6. OTOH, how do we know this story is not counterintelligence deliberately released by Soros to scare everyone else out of the market so he can swoop in and buy everything up at fire sale prices..? Don't put ANYTHING past him and his minions.

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  7. Isn't Pfizer's patent on viagra expiring soon? Sounds like a smart move to sell that stock while they have a choke hold on the market still.

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  8. Hey Soros could die any day. He is an old bastard right. Imagine that.

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  10. As the US economy stalls I think it's better to check the market twice and pull back some of your stocks as what Soros did. He's the most experienced guy in terms of this so you better follow his lead if you want to earn some.


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