George Soros: “Nah, I didn’t See This Happening”

1929-2016 DJIA

Abite nummi ego vos mergam ne mergar a vobis

LONDON – England – As the markets are beginning to slowly reflect what is really happening in the global economy, at least George Soros is doing well.

“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.