Another Confidence Inspiring Bit From Zero Hedge: Soros Sells America Short

“Soros Put” Hits Record As Billionaire’s Downside Hedge Rises By 154% In Q4 To $1.3 Billion

 

 

 

 

” A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.

  The second one is that the “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.”

 

   We’re not financiers but putting this together with the news of China and Japan shedding T-bills and bankers dropping like flies makes one wonder .

Tyler Durden explains

 

 

 

 

 

 

 

 

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Big Banks Can Steal Your Home From You Even If Your Mortgage Is Totally Paid Off

Local Government And Banks Collude In Property Theft

 

 

 

” Big banks and hedge funds are buying billions of dollars worth of tax liens from local governments all over the nation, and they are ruthlessly foreclosing on homeowners when they can’t pay the absolutely ridiculous penalties and legal fees that are tacked on to the original tax bill.

As you will see below, one 76-year-old man lost his $197,000 home that he fully owned over a $134 tax bill.  A 95-year-old woman lost her $300,000 home over a $44.79 tax bill.  This is a very, very dirty way to make money, and the predatory financial institutions that are involved in this business definitely do not want to talk about it.

Of course much of the blame should also be shouldered by the local governments that are coldly selling these tax liens to these ruthless predators.  If local governments want to collect their tax bills, they should do it themselves.  They should not be auctioning off their tax liens to cold-hearted financial institutions that are very eager to commit a legal version of highway robbery.”

 

 

 

 

 

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Forget The Guns Andy , You’d Better Worry About The Butter

‘Wall St.’ Flees NY For Tax-Free Fla.

 

 

 

” The city’s hedge-fund executives are flying south — and it’s not for vacation.

An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County.

And they’re being welcomed with open arms — officials in Palm Beach recently opened an entire office dedicated to luring finance hot shots down south.

“Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services, who moved many of his operations to Palm Beach. “It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction.”

Related articles

• Private Equity Firms/Hedge Funds: Will Northeast Corridor BigLaw follow the money to Palm Beach County? (lawandmore.typepad.com)

Apple Stock Hit by Panic Selling

 ‘Someone Yelled Fire’

 

 

  ” Forget the “fiscal cliff.” The real panic on Wall Street is over Apple’s stock.

Nearly every mutual and hedge fund has piled into Apple [AAPL  525.62    -11.26  (-2.1%)   ]during its spectacular rise over the past few years. Now, these same funds are scrambling for the exits as the stock goes through an equally spectacular decline.

Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it’s too late. Shares are now off 25 percent since late September—shortly after the iPhone 5 launch and a month before the iPad Mini introduction. “

Related articles

• Apple Stock Nosedives! (legitreviews.com)
• Apple’s Stock Is Hit by Panic Selling: ‘Someone Yelled Fire’ (cnbc.com)
• Apple Inc (AAPL) Is Among This Hedge Fund’s Top Stock Picks (insidermonkey.com)
• The World’s Hottest Hedge Fund Manager Has Been Buying Facebook (forbes.com)
• Apple Inc. (NASDAQ:AAPL): This Is Why The Stock Price Is Tumbling (etfdailynews.com)
• Apple Disappoints – 230 Hedge Funds Suddenly Cried Out In Terror And Were Suddenly Silenced (infiniteunknown.net)