Many of us have heard how hedgefund managers have been running scared, but the latest names headlining today indicate that time is short as we see an exodus of billionaires, hedgefund managers and even Nobel prize winning economists pull out and betting against the US equity markets.
Soros, which manages almost $30 billion, moved about $2 billion into companies in Asia and Europe, according to a person familiar with the strategy. The New York-based firm returned about 8 percent in 2014 and is up 1.5 percent this year, said the person, who asked not to be identified because the firm is private.
According to BIDNESS ETC, Soros has liquidated stock in Apple Inc., Wal-Mart Stores, Inc. and Intel Corporation.
In May of 2014 David Tepper, American hedge fund manager and the founder of Appaloosa Management told investors at the SALT hedge fund conference in Las Vegas that he was feeling nervous, according to MarketWatch, who reports that in the last three months of 2014 Tepper "took an axe" to US stock holdings.
If those two aren't sending up a big red flag, then the bombshell news that Nobel Prize-winning economist Robert Shiller told CNBC on Wednesday he's thinking about shifting his personal money away from U.S. stocks and moving his investments to Europe as well, should be flashing a huge red WARNING sign at you.
In the first video below, Gregory Mannarino explains these moves as what he calls "tells," and tells us that traders are betting on the US stock market to fall. The second video is part of Shiller's interview with CNBC.
Everyone has heard the term "follow the money," well in this case, the money is getting out of dodge..... what does that tell you?