American Journal, referring to unnamed sources close to the billionaire business, said Soros expected a sharp drop in the value of stock exchange indexes.
Billionaire George Soros is not at all happy with Donald Trump’s victory in the US presidential election, as he suffered a loss of nearly $ 1 billion.
As the “The Wall Street Journal” writes as soon as it became clear that Tramp won the election, US stock indexes suddenly lost value, but then there was an unexpected turnover – the shares began to rise on average by 10 percent a day.
The US leaf referring to unnamed sources close to the billionaire business, said Soros expected a sharp drop in the value of stock exchange indexes.
However, there was a completely opposite scenario.
The growth that followed negatively affected the capitalization of its fund. Soros expected that the decline would be higher, which turned out to be a big mistake that resulted in even more losses.
The billionaire was openly supported and financed by Hilary Clinton during the campaign, which is why he is not surprised at his skepticism about the market situation after Trump’s victory.
The stock market showed that a person who rarely makes a mistake when the stocks are in question – was still wrong.
Soros was not lonely in these assumptions. Moreover, almost all the experts from Wall Street were expecting a snapper in the case of Trump’s victory.
Soros, after Donald Trump’s victory, criticized the Republican, accusing him of being a “possible dictator,” and warned America that this outcome would have “long-term implications for the health of democracy”.