Soros seems to have a gift to know when to destroy an economy and how it will benefit him the most. This man is no friend of ours.
George Soros is bailing out of U.S. stocks.
5 Minute Manager?
Soros Fund Management, with $25 billion in assets, slashed its equity holdings 42% during the second quarter -- from $8.8 billion to $5.1 billion. His once-sizable holdings of Wal-Mart, JP Morgan Chase and Pfizer now amount to only a few token shares each. Hmmm, that doesn't sound like a bet on recovery.
His biggest holding is GLD, the giant gold ETF.
Where he's shifted the money is harder to tell from the 13-F he filed with the SEC, since the document tracks only U.S.-traded shares and related derivatives.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment