Does Soros Know Something We Don't?

[longknife]

Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.



He's famous for taking advantage of crises and making lots of money from them. The article refers to the pending vote for the UK to leave the European Union and how the union will collapse – making obscene profits for he and his rich buddies.



The full story w/links @ Prison Planet.com » George Soros Is Preparing For Economic Collapse – Does He Know Something That You Don’t?

 

[william the wie]

There are various other flashpoints besides the ones Soros mentioned even though they tend to be low probability there's bunches of them.

 

[Penelope]

They know stuff we don't. The rich control everything. Then again they make stuff up and we believe them and then they leap on it. Every little bit of news, true or not, affects the markets. If we think its a collapse, we will take out money out of the market and quit spending and the price of gold will go up.

 

[william the wie]

They know stuff we don't. The rich control everything. Then again they make stuff up and we believe them and then they leap on it. Every little bit of news, true or not, affects the markets. If we think its a collapse, we will take out money out of the market and quit spending and the price of gold will go up.

Actually it is information overload.

IBM's Watson can sift through 100% of the news worldwide.at a huge price.

Bloomberg is the largest private news service. It's terminal costs $24K/year

Reuter's, is the second largest news service by a tiny margin and it's terminal costs $10k/year but it does scoop Bloomberg with decent regularity but vice versa is more common.

For $1,000/year or less you can get every publication Value line puts out.

AAII has a lifetime membership so life expectancy is a question mark but otherwise AAII costs less at the margin than Value Line, about half as much.

AAII is 80% as good as Watson for accounts of less than $10,000,000 and by less I mean down to $25K

So, unless you are a day trader Soros does not have access to better information than you do just better trading discipline than you have.

 

[Mac1958]

 

[william the wie]

Well Soros may make Marc Faber look like perma-bull but is that a reason to make fun of hin?

 

[EdwardBaiamonte]

There are various other flashpoints besides the ones Soros mentioned even though they tend to be low probability there's bunches of them.

Soros and other billionaires are buying and selling all the time so I would not read much into it. Hedge funds get the best and the brightest traders and they are losing money badly right now so what a senile guy like Soros does seems trivial.