so much for caring for the "little guy"

thereisnospoon

Gold Member
Apr 11, 2010
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George Soros, the finder of the far left wing political organization, moveon.org, is making a killing off shorting the market.
Soros and other hedge fund managers predicted the vote outcome to end UK membership in the European Union , saw an opportunity to line their pockets( using the language of the Left here) off the backs of stock holders, those who's 401k's and pension plans depend to ensure a solid retirement.
Soros and others made billions while regular folks lost thick percentages of their savings and investments.
Soros, Druckenmiller among hedgies profiting in market plunge
Let the circling of the wagons begin....
In other news, the British Pound Sterling has dropped over 20% vs the US Dollar in two days.
The Euro has suffered a similar fate.
Lots of people getting rich on shorting the currency markets, no doubt
 
More....To be balanced. The real possibility of the markets recovering after today is damned likely.
The good news is, due the surge in the US Dollar, oil futures fell by over $2.40 per barrel ( 4.91%) in active trading.
RBOB Gasoline( Regular at the terminal) fell 7.2 cents(4.5%) to $1.51 per gallon. This represents the lowest wholesale price since April 11th when gasoline closed at $1.49 per gallon
Should traders continue to bid up the US Dollar, gas prices should begin a downward trend. We shall see.
 

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