Very scary news of George Soros doubling his Spy puts exposure has some people running for the hills, afraid of the apocalypse to come. After all, George controls the world and knows all.
Any cursory Google search will shed some light on the annual Soros out buying bonanza, something I believe he does as a sacrifice to his master, Lucifer.
Look at the dates of those articles. Now read this from Reuters.
Billionaire investor George Soros, who has been warning that the 2008 financial crisis could be repeated due to China’s economic slowdown, on Monday disclosed his doubled wager against the S&P 500 in the first quarter.
Soros Fund Management said it owned a 2.1-million-share “put” option in the SPDR S&P 500 exchange-traded fund (ETF) which tracks the benchmark U.S. stock index. That was up from about 1 million shares in the option in the fourth quarter, it said in a filing with the U.S. Securities and Exchange Commission.
Now that I’ve added some color on the annual Soros put buying bonfire, isn’t the ominous sounding Reuters article somewhat meaningless?If you enjoy the content at iBankCoin, please follow us on Twitter