Soros continues betting against US stock market despite mounting losses

https://www.rt.com/business/399645-soros-stock-market-bet-trump/

US regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to declines in value.

Soros Fund Management held put options on PowerShares QQQ Trust, SPDR S&P 500 ETF, iShares Russell 2000 ETF as of June 30. Each is an exchange-traded fund that tracks a broad US stock market index. The bet is worth $1.8 billion. Soros stands to profit only if the stock market falls.

Michael Vachon, a spokesman for Soros Fund Management, said the company would not comment on the filing.

In January, Soros said “it’s impossible to predict” US President Donald Trump’s actions, but he was nonetheless sure the market would plunge.

Soon after the election, Soros lost over $1 billion by taking a short position on the market. While Soros called Trump a “would-be dictator,” and predicted uncertainty and a sell-off after his win, the markets have rallied significantly.

The US S&P500 index is up over 10 percent this year, the Nasdaq is up 18 percent, and Dow Jones is up over 11 percent.

Soros is best known for making a fortune on his short play against the British pound. On 16 September 1992, Soros’ $10 billion short position on the pound forced the Bank of England to withdraw Sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the currency above its agreed lower limit in the ERM.

———-

stubborn or wise?

“Soon after the election, Soros lost over $1 billion by taking a short position on the market. While Soros called Trump a “would-be dictator,” and predicted uncertainty and a sell-off after his win, the markets have rallied significantly.”

hmm..

“US regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to declines in value.”

401

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~ by seeker401 on August 21, 2017.

15 Responses to “Soros continues betting against US stock market despite mounting losses”

  1. war on the horizon…Soros knows it…

  2. maybe he was selected to fail..

    http://www.news.com.au/finance/work/leaders/donald-trump-loses-four-key-advisers-in-seven-months/news-story/7c6f280b5ecc6859b133e0f48cb8fdab#itm=newscomau%7Cfinance%7Cright-now-in-%7C0%7CDonald%20Trump%3A%20Steve%20Bannon%2C%20Sean%20Spicer%20photo%20embarrasses%20Pr…%7Cstory%7CJilted%20bride%20keeps%20%2415%2C000%20engagement%20ring&itmt=1503284488602

  3. The more he loses the less trouble he can cause between brothers – although its peanuts to him .

    Proverbs 6:16-19New International Version (NIV)

    16 There are six things the Lord hates,
    seven that are detestable to him:
    17 haughty eyes,
    a lying tongue,
    hands that shed innocent blood,
    18 a heart that devises wicked schemes,
    feet that are quick to rush into evil,
    19 a false witness who pours out lies
    and a PERSON WHO STIRS UP TROUBLE IN THE COMMUNITY

  4. Reblogged this on World4Justice : NOW! Lobby Forum..

  5. https://imgur.com/t/politics/BcZOg

  6. we Pray for TheNation&PresiTrump safety around his own http://www.thefreedictionary.com/military+junta

  7. http://themillenniumreport.com/2017/08/soros-must-be-arrested-prosecuted-and-imprisoned-to-prevent-civil-war/

  8. I don’t usually listen to AJ, but I did take a listen to this video…

    ANTIFA EXPOSED BY BLACK PANTHER PARTY FOUNDER!!

    xxx, what do you think? Larry Pinkney, real deal or cointelpro?

    I thought it was Huey Newton and Bobby Seale who founded the Black Panther Party?

  9. https://www.rt.com/op-edge/402455-americans-petition-soros-terrorist/
    all ready tipping point happen btw tipping points are fast lately
    same THEY-G-FB-AMZ/WF-MONOPOLY tipping point start
    same to get rid THEY-CONGRESS tipping point start thx to All here much thx to Seek 🙂
    best news in 6 years this article was 2 days ago tday is Humanitarian-Aid to DeirEzZor for 1 time in 6 years 🙂 https://www.rt.com/op-edge/402354-syrias-victory-deir-ez-zor/
    so THEY-MC CAIN-SOROS-PETERS-GLOBOSS is ended new era start without THEY-BUSHES/CLINTONSS/OBAMASS-WARMONGERSS & the tipping point was OXI inGreece so one more time Greeks change the World !
    were are the Romans now to copied ?sarcasm alert

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