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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process. Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain. Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500. At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past. As a result of this reputation, investors have begun to keep a close eye on his holdings. This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup. The Wall Street Journal reported that �George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)� In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. �We witnessed the collapse of the financial system � It was placed on life support, and it�s still on life support. There�s no sign that we are anywhere near a bottom.� http://intellihub.com/george-soros-...k-america-jp-morgan/#7RtlGoOt9yqC84Fj.99
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
That makes me feel better. I bought gold miners too but I'm already down 10%.
Quando omni flunkus moritati
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Nov 2002
Posts: 33,709
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,709 |
My Fidelity Select Electronics fund is up a bit over 13% YTD. Appears he may be right.
Conduct is the best proof of character.
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Joined: Aug 2003
Posts: 5,737
Campfire Tracker
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Campfire Tracker
Joined: Aug 2003
Posts: 5,737 |
After I lost my investmnet in Pegasus and the Homestake gold mines I went heavy into the energy secter.
jim
"Whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force." --Thomas Jefferson
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Joined: Jun 2006
Posts: 16,384
Campfire Ranger
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Campfire Ranger
Joined: Jun 2006
Posts: 16,384 |
I've always been a curmudgeon - now I'm an old curmudgeon.
~Molɔ̀ːn Labé Skýla~
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Joined: Aug 2004
Posts: 69,634
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,634 |
After I lost my investmnet in Pegasus and the Homestake gold mines I went heavy into the energy secter.
jim Pegasus was a bunch of crooks. They reorganized now as Universal Pegasus. I still smell that crookedness whenever I deal with them...Among others.
Molɔ̀ːn Labé Skýla!
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Joined: Jun 2006
Posts: 10,084
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2006
Posts: 10,084 |
That which does not kill us makes us stronger
Friedrich Nietzsche
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Joined: Nov 2003
Posts: 67,712
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2003
Posts: 67,712 |
Soros is banking on his sock puppet, Barak Obama, being able to destroy America.
Sam......
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Joined: Jan 2002
Posts: 10,605
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 10,605 |
Only a fool would put any credence in Al Jazeera.
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Only a fool would put any credence in Al Jazeera. It's not hard to find other links  http://www.forbes.com/sites/chriswr...oking-to-china-to-replace-western-money/
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Jan 2003
Posts: 5,202
Campfire Tracker
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Campfire Tracker
Joined: Jan 2003
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Only a fool would put any credence in Al Jazeera. The story is true no matter who reports it, and many others have
One shot, one kill........ It saves a lot of ammo!
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