Soros 75% cash- MUUUU
it is time to move to cash asks Reuters
https://blogs.reuters.com/reuters-money/2011/07/19/is-it-time-for-you-to-move-to-cash/
Soros , Goldman ,Moore Capital Management LLC are among hedge funds that have reduced the amount of money they’re investing in stock, bond and currency markets
SOROS went as much as 75% cash
UHEARD OFF
But God and my lovely new lover are 100% in the sewer LOL
“I find the current situation much more baffling and much less predictable than I did at the time of the height of the financial crisis,” Soros, 80, said in April at a conference at Bretton Woods organized by his Institute for New Economic Thinking. “The markets are inherently unstable. There is no immediate collapse, nor no immediate solution.” Soros said.
The aversion to risk is reflected in trading volumes.
Trading in the 50 companies in Goldman Sachs Group Inc.’s index of stocks most commonly owned by hedge funds fell to 4.11 billion shares in June, the lowest monthly level since August 2008, according to data compiled by Bloomberg.
Liquidity slowly but surely dries up.- like in summer 2008
“It will take some time, possibly until the end of the year, before we see a full recovery of risk appetite” among money managers.
“Policy makers are dictating markets, which means we’re operating in an environment where fundamentals just don’t apply.”
https://online.wsj.com/article/SB10001424052702304567604576455703103644860.html
GS- the force behind commodity pump -lauzy loser
Long envied as one of the savviest gamblers around, Goldman Sachs Group Inc. surprised Wall Street with a steep decline in trading revenue because it stopped rolling the dice.
executives said Tuesday that economic and political turmoil around the world has caused the firm to lose much of its appetite for taking chances. In particular, Goldman stumbled in its core fixed-income unit and in commodities trading.
"I don't want to sugar coat it…Maybe we made a bad ...bets
trading revenue in the powerful fixed-income, currency and commodities department fell to $1.6 billion in the latest period,
down 53 percent from a year ago.
The troubles in trading — among the worst in the firm’s 12 years as a publicly traded company
That will translate to roughly 1,000 layoffs, or nearly 3 percent of all staff members — a culling that has already begun
Goldman is now trading below book value,.
The stock has not traded at that low a level since the financial crisis.
jobs
https://www.marketoracle.co.uk/images/2011/July/gold-silver-11-7.gif
NY Times- we're spent- consumer spending drop biggest in 40 years or longer
https://www.nytimes.com/2011/07/17/sunday-review/17economic.html
Misery Index at 28 high
https://www.cnbc.com/id/43441924/How_Miserable_Index_Says_the_Worst_in_28_Years
A Palinized Nation - No Direction, No Leadership, No Clue- exactly as this board
Earlier this year, Fitch Ratings warned that China nonperforming loans could reach as high as 30 percent.
T
HE PHRASE 'WORST SINCE SUMMER / FALL 2008, WORST SINCE FINANCIAL CRISIS "
IS POPPING OVER AND OVER IN THE NEWS.
HMMM
THEN AS NOW MARKET STARTED SWINGS OF 200 DOW POINTS
BY FALL 2008 THE SWINGS WERE 400- 500 DOW PTS and we all know the end of the story.
more here
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29994086&l=0&r=0&s=CMK&t=LIST
.