According to the Wall Street Journal, shady liberal billionaire George Soros bet a lot of money on the stock market dropping after Trump’s electoral victory, and has lost a billion dollars because of it.
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Soros was reportedly making big investments that were tied to his anticipation of a bearish stock market due to Trump’s win.
But the opposite has occurred, with the U.S. market rising about nine percent in the following months.
Fox Business Network’s Maria Bartiromo said this morning she sees this as a case of Soros’ liberal political views getting in the way of his investing strategy.
“Had George Soros actually studied the economic plan that Donald Trump was talking about – rolling back regulations and cutting taxes – that would have been obvious that [the plan] was gonna move earnings. What moves the stock market? Earnings!” she explained.
The market gains have certainly been dramatic and absolutely unexpected to most analysts. I remember watching the election myself and they reported on the stock market soaring while Hillary won, and then dropping by 800 points when it turned Trump’s direction. But, to prove that the stock market is a schizophrenic crackhead, by the morning after the election, it had bounced back, and has gone on a remarkable run since then.
The Dow Jones sits at just a hair under 20k, where it has met some resistance in the last few weeks.
Poor Georgie-boy. At least Trump won’t hit him up for another loan like he did with the Trump Towers.