SOROS - 'Two Moves' And Only A Bear Rally ?

Say what you want about BILLIONAIRE George Soros and what you may perceive his influence on U.S. party politics may (or may not) be, the truth is that few market participants have been as RIGHT (pun INtended) as the founder of Soros Fund Management when it comes to sound investment decision-making post the mid 2007 credit/mortgage bubble collapse. While the S+P 500 market index lost a sickening 39% in 2008, Mr. Soros astutely spent the year mostly betting against the volatile global markets and actually ended 2008 up 8% (FYI, the average hedge fund declined 19% in 2008). Through February 2009, Mr. Soros' management firms oversaw $21 Billion and its Quantum Endowment hedge fund was up 5.3% on the year.

Given his recent high-level of market 'RIGHT-eousness' (a technical term I coined for being right about the markets), Mr. Soros' interviews now approach those starring former Oppenheimer & Co. banking industry analyst, Mrs. Meredith Whitney, when it comes to being officially REQUIRED Viewing Material ('RVM'). In the below twenty five minute segment, Mr. Soros shares his valuable insight on several relevant, pressing financial market TOPICS including: The S+P 500's ongoing rally off its twelve year lows on March 9th, 2009 (the 27% gain is the largest percentage-based rally for the S+P 500 since 1933)...FASB's recent controversial decision to alter the definition of Mark-to-Market accounting (this will effectively allow U.S. banks to have much more accounting flexibility, or 'creative freedom', when it comes to judging the balance sheet value of their own notoriously large securitized asset loan portfolios including those distressed assets levered to residential and commercial real estate)...The current state of the U.S. financial system and the fundamentally insolvent state of affairs surrounding its largest 'zombie banks' including Citigroup (C) and Bank Of America (BAC)...Thoughts on the timing of a potential U.S. housing bottom...Global economic recovery thoughts focused on B.R.I.C. countries Brazil and China, ETC. :






Data Courtesy: Youtube + Bloomberg