Soros lost nearly $1B in post-election market rally: report
Billionaire Democratic donor George Soros lost about $1 billion in the market following President-elect Donald Trump’s White House win, the Wall Street Journal reported Thursday.
Soros expected the market to drop sharply after Election Day, the report said.
ADVERTISEMENT
The stock market instead rallied on expectations that Trump’s policies will boost both corporate earnings and the overall economy. The Dow Jones Industrial Average is up 9.3 percent since Trump’s victory.
Soros avoided further losses by adjusting his positions late in 2016, the report added.
Soros, a big contributor to a super-PAC supporting Hillary Clinton, has long supported liberal causes.
http://thehill.com/policy/finance/other/313936-george-soros-lost-ne...Comment
-
Comment by Less Prone on January 12, 2017 at 12:38pm
-
THAT's a good news. One billion less to use for cultural Marxism decadence projects, importing terrorists in the name multiculturalism, corrupting politicians, and meddling with the internal affairs of sovereign countries.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
A Prelude to WW III ? It Seems There We Are Trailblazing Idiocy into More Blood and Destruction!
They're rolling out the 25th Amendment trying to stop Joe Biden from insanely thrusting the US in a…See More
Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]
DW Description: Chris Langan is known to have the highest IQ in the world, somewhere between 195 and 210. To give you an idea of what this means, the average...
RFK Jr. Appoinment Rocks the World of the Federal Health Agncies and The Big Pharma Profits!
The Appointment by Trump as Secretary of HHS has sent shockwaves through the federal government…See More
Somewhere in California.
Tom Waites and Iggy Pop meet in a midnight diner in Jim Jarmusch's 2003 film Coffee and Cigarettes.
Whatever Happened?
Whatever Happened? The unsung heroes will go about their dayRegardless of the welcome they've…See More
"cheeki kea Nice work! Thank you! "
"Chin up folks, once the low hanging fruit gets picked off a clearer view will reveal the higher…"
"Your right LP it's insane for sure and hopefully improbable, keeping an open mind. Checking…"
"The white dude in the center is Bill Gates!!! "
© 2024 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network