“Back in August I increased my put holding to $2.2 billion dollars on the S&P. Now it’s paying off, remember folks, this is only the beginning, we’re below the 200 MA by a mile now. I just got off the phone from my pal Barry, oh how we laughed, he’s loving it,” Mr Soros said from his jacuzzi.
Unless you’re trading the VIX, things may get a little hairy, especially as the DJIA and S&P have dropped well below the 200 MA.
The bears are back in force this time with a vengeance, and as you watch your pension value depreciate daily, maybe it is time to take George Osborne’s advice and use that money pretty sharpish.
It’s 1929 all over again.
1000s preparedness survival kits sent to banks US treasury
http://www.infowars.com/economist-us-treasury-buying-survival-kits-is-mad-max-style-planning/