hisah wrote:Billionaire Soros Was ‘Long’ on Pound Before Vote on BrexitThe state of reality.
My opinion still remains that the crowd is being setup against the pound on the wrong side. BoE rate is the same as Fed rate while ECB rate is on NIRP (negative). It's a no brainer why there's no case for a pound sell panic. I don't see why smart money would be short the pound in future.
Meanwhile let the irrational market continue dishing fat discounts
My position is bullish UK stocks (FTSE) and the pound long term and very bearish on the euro currency. Also bullish on the Dow and USD as I continue betting against the crowd.
"Soros Fund Management took a short position in Deutsche Bank AG of about 7 million shares, or a total notional of about $100 million, as turmoil from the U.K.’s decision to leave the European Union sent bank stocks lower. The position taken on Friday was equivalent to 0.51 percent of Deutsche Bank’s share capital, according to a German filing published on Monday. The document doesn’t show at which price the fund took the position."
He was able to hedge brilliantly......Euro banks have been tanking after Brexit with Italian banks using the volatility as an excuse to ask for a 40B euro bailout. Its interesting to see how talk about coordinated global mon. policy is looking like more stimulus from BOJ and even raising the probabilities of a rate cut by the FED. Interesting times.....
You dont have to be great to START but you have to start to be GREAT!!!!!!!!