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Anonymous
Soros lost nearly $1billion in weeks after election 2017-01-12 07:33:28 Post No. 99372
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Soros lost nearly $1billion in weeks after election 2017-01-12 07:33:28 Post No. 99372
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Soros lost nearly $1billion in weeks after election
Anonymous
2017-01-12 07:33:28
Post No. 99372
[Report]
Original paywalled source:
http://www.wsj.com/articles/billionaire-george-soros-lost-nearly-1-billion-in-weeks-after-trump-election-1484227167
..
https://www.bloomberg.com/news/articles/2017-01-12/soros-lost-nearly-1-billion-after-trump-election-wsj-reports
>George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election, the Wall Street Journal reported.
>But Stanley Druckenmiller, Soros’s former deputy who helped him score $1 billion of profits betting against the British pound in 1992, anticipated the market’s recent climb and had sizable gains, the newspaper reported Thursday, citing sources it didn’t identify.
>Soros became more bearish immediately after Trump’s election. But the stock market has rallied on expectations that Trump’s policies will boost corporate earnings and the overall economy. The S&P 500 Index has risen 5.6 percent since Trump’s election through yesterday.
>As a result, some of Soros’s trading positions incurred losses approaching $1 billion, the Journal said. Soros exited many of his bearish bets late last year, avoiding further losses. The broader portfolio held by Soros’s firm performed better. His firm gained about 5 percent on the year, according to the report.
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i'm sure he has back up profit plan from ww3
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You all do realize the stock market did not go up to sufficiently counter the dollars dramatic decline, right? Trump jettisoned tens if not hundreds of billion dollars-equivalent of American buying power with his last press conference. I don't blame Soros for being bearish, he was just bearish in the wrong market. (I lost money by being bullish on the dollar in Forex.)
"Global wages will stop increasing when [real] American wages decline." Today, your real equity decreased by 1.2% or something like that. Today, Trump helped the Japanese more than he will ever help you. Ah... But will an economic stimulus from a Republican be more egalitarian than a Democrat's? No! So you're even more fucked. Will reducing the unemployment rate even further help the population? No! There is such a concept of employee liquidity. Would you /really/ rather have your company care for you from cradle to coffin?
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>>99420
Another way to put it is that NATO can now have its European members pay an extra NATO-Tax... Because their currency gained so much against the dollar it'd be like we paid them for a PR stunt.
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>>99372
He looks like the spider boss dude from Monsters Inc.
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>>99432
Come on Anon, I'm sure you will look creepy too when you are that old.
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>>99438
Hahaha probobly not
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>>99372
Meanwhile, the Kochs, Mercers, and other Fascist Businessmen won big time.
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