News

Soros Lost Nearly $1 Billion In Weeks Following U.S. Election After Betting Big Against Trump…

Soros Lost Nearly $1 Billion In Weeks Following U.S. Election After Betting Big Against Trump…

Love it! This is the feelgood story of the day: Soros lost nearly $1 billion in weeks after the Trump election…

WSJ:

Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election.

But Stanley Druckenmiller, Mr. Soros’s former deputy who helped Mr. Soros score $1 billion of profits betting against the British pound in 1992, anticipated the market’s recent climb and racked up sizable gains, according to people close to the matter. […]

Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake—the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.

As a result, some of Mr. Soros’s trading positions incurred losses approaching $1 billion, the people say. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added. More

Obama Regime Cooked Books On ISIS Intel… Confirmed
Previous post

Obama Regime Cooked Books On ISIS Intel… Confirmed

US Taxpayers Are Paying Salaries of ‘Tens of Thousands” Of Non-existent Afghan Soldiers And Police
Next post

US Taxpayers Are Paying Salaries of ‘Tens of Thousands” Of Non-existent Afghan Soldiers And Police

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.