Soros doubles bet against US stocks

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https://www.rt.com/business/356111-soros-fund-bearish-sp/

Soros Fund Management has increased its bearish bet against US companies on the S&P 500 index. Its billionaire owner will make money if the index collapses.

The Standard & Poor’s 500 is an American stock market index based on market capitalization of 500 large US companies having common stock listed on the New York Stock Exchange or on NASDAQ.

The 86-year-old investor’s fund has reported it had arranged ‘put’ options on roughly 4 million shares as of June 30. This is up from 2.1 million shares as of March 31.

A put option gives investor the right, not an obligation, to sell these shares in the future. This means Soros will earn, if the S&P 500 index goes down. The fund didn’t specify the price or expiration of these positions.

A rally since late June has the S&P 500 up nearly 7 percent in 2016, setting new historic-highs almost every day. The index set a record closing at 2,190 points on Monday.

The billionaire’s fund also slashed its holdings in SPDR Gold Trust to 240,000 shares worth $30.4 million, from 1.05 million shares worth $123.5 million in the first quarter of the year.

Soros Fund Management also significantly reduced its stake in Barrick Gold to 1.07 million shares worth $22.9 million, from 19.4 million shares in January-March.

Founded by George Soros in 1969, the fund manages his family fortune. Much of the money goes into other hedge funds and investment firms.

With a $24.9 billion fortune, George Soros is ranked by Forbes as the 15th-richest person in the US.

While three major US stock indices ended at all-time highs on Monday, it wasn’t only Soros among billionaires to be bearish in the second quarter. Jeffrey Gundlach, Carl Icahn and David Tepper also slashed their ‘long’ positions.

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“The 86-year-old investor’s fund has reported it had arranged ‘put’ options on roughly 4 million shares as of June 30. This is up from 2.1 million shares as of March 31.”

watch his every move..

“While three major US stock indices ended at all-time highs on Monday, it wasn’t only Soros among billionaires to be bearish in the second quarter. Jeffrey Gundlach, Carl Icahn and David Tepper also slashed their ‘long’ positions.”

401

~ by seeker401 on August 18, 2016.

One Response to “Soros doubles bet against US stocks”

  1. how gullible are people allowing the corporate snake to control their every move.

    it is like a -S0-ro°s offering you a bike with no pedals. you have no control as they control the markets by doing what he just done -it is a
    Market so think supply and demand. if the companies look as if they are going to need a propping up then that’s what they do. manipulating the markets. it is like when i was involved in a zionist crypto think tank. I watched them go from think tank to start up then a full multi national Corporation within 2 weeks; then announce they would be buying 20,000 Bitcoin – they got the money and bought the amount that was announced. it dropped suddenly because of such a big purchase obviously everyone sold them so they wouldn’t lose and guess who kept buying them..? the same -zi0-nists – the purpose? was not to make money from the purchase as that was the time it hit the record of $1,000 USD to 1 BTC = at $1,000USD to the BTC everyone cashed in except for -Sat -0shi -Nak-am0-t0 who the fbi was chasing around the globe in order to take full control as this is the next currency that will ensure our enslavement is a more efficient one than it is now. it will be the currency used by the Order of the World

    -s0r -0s is just making certain waves to control and manipulate the world markets and why not after all it’s not his money it’s actually American taxes that are doing it..

    i read that BLM leaders had been funded also by Soros money.. There is no escaping the vile poison that we feed the snake. it eventually comes back to bite us as it did BLM –

    “bike with no pedals

    they control the markets. they can chose to do as they please; when they please and how they please. buy, sell..increase, decrease..inflate, deflate. these countries selling off treasury bonds are gullible and are only feeding the snake with more poison. it means they just increase interest on money leant. it has only effect on the people. it is like a bike with no pedals. you cannot ride the bike if it has no pedals”

    https://selectivesights.wordpress.com/2016/05/21/bike-with-no-pedals/

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