Critical information ahead of the U.S. market open
by Barbara Kollmeyer
Something wicked this way comes?
Splashed across the front of The Wall Street Journal last night was an interview with hedge fund manager George Soros, who made a fortune by taking down the British pound in 1992. According to those in the know, Soros has been selling stocks and buying gold and gold miners. In other words, heading for the hills as he frets about the global economic picture.
That interview hit hours after the Dow climbed above 18,000 and oil prices pushed further out past $51 a barrel. Perhaps it didn’t help a jittery after-hours mood, because it’s all starting to unravel this morning. A further word on Soros from Pragmatic Capitalism’s Cullen Roche, who offers some advice on “guru worship” in the wake of that WSJ story.