See Which Billionaire Just Made A Huge Bet Against The S&P 500!

Love him or hate him, the man knows a thing or two about investing and speculation.  George Soros most famously made over $1 Billion on a single trade when he sold short the British Pound back in 1992.

He is also known for managing a hedge fund with Jim Rogers called the Quantum Fund, which for over 30 years had an average annual performance of 33% ROI.

Now today, as stock markets are hitting all time highs, Mr. Soros is betting big on the markets crashing soon!

Over the years it has been my observation that we should not always listen to what the big players are saying, but watch very closely to what they are doing!  The smart money wins more times than not.

From rt.com:

Billionaire Soros doubles bet against US stocks

Soros Fund Management has increased its bearish bet against US companies on the S&P 500 index. Its billionaire owner will make money if the index collapses.

The Standard & Poor’s 500 is an American stock market index based on market capitalization of 500 large US companies having common stock listed on the New York Stock Exchange or on NASDAQ.

The 86-year-old investor’s fund has reported it had arranged ‘put’ options on roughly 4 million shares as of June 30. This is up from 2.1 million shares as of March 31.

A put option gives investor the right, not an obligation, to sell these shares in the future. This means Soros will earn, if the S&P 500 index goes down. The fund didn’t specify the price or expiration of these positions.

A rally since late June has the S&P 500 up nearly 7 percent in 2016, setting new historic-highs almost every day. The index set a record closing at 2,190 points on Monday…”

Read more @

https://www.rt.com/business/356111-soros-fund-bearish-sp/

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