I'll just bet he is:
Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion.
The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Index since late last year.
"Infamous" would be the term I would choose.
The latest 13-F filing with the Securities and Exchange Commission shows that Soros Fund Management increased its position in “puts” on the SPDR S&P 500 exchange-traded fund by a staggering amount in the second quarter from the first.
The chairman of Soros Fund Management lifted his position to 11.3 million put options on the S&P 500 ETF (SPY), boosting the short position from 2.96 percent to 16.65 percent. The dollar value of the position soared to $2.2 billion from around $299 million. At 16.65 percent, that position is the biggest slice of the Soros firm's portfolio.
Many experts see such a put position as a wager that the price of the stock market (in this case the S&P 500) will tumble.
First of all, while George Soros is the real "Illuminati/Bilderberger/Trilateral Commission/X-Files Syndicate" all rolled into one, right down to the Morleys, the man is a billionaire and didn't get to that level by dumb luck. He does know something about investing and how to read market trends. And you know the old saying: "Follow the money". When it's his own dough on the line, Dr. Evil is going to bet on what he actually thinks is going to happen (to the degree that he can't "fix" it that way, which admittedly isn't much proverbial "daylight"). And whaddaya know, he can see the Final Crash looming just like the rest of us with no vested partisan/ideological interest in covering up the inevitable consequences of Obamanomics and "Quantitative-Easing-To-Eternity".
Exit question: Since he does, after all, have his guy in the White House "doing what he do," could this not be called the most egregious instance of insider trading ever?
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