Why Is George Soros Dumping Banks?
May 28th 2013 9:50PM
Updated May 29th 2013 1:00AM
George Soros has exited his positions in JPMorgan Chase , Morgan Stanley , and several other banks. He's pared his exposure to Citigroup , cut his stake in AIG by two-thirds, and sold every share he owns in General Electric .
In all, SNL Financial says Soros's financial stock holdings are down 80% from where they were just three short months ago. But why?
Does Soros know something we don't? And what should you do about it?
Listen in as Fool contributor Rich Smith explains.
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The article Why Is George Soros Dumping Banks? originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends AIG. The Motley Fool owns shares of AIG, Citigroup, General Electric, and JPMorgan Chase and has the following options: long Jan. 2014 $25 calls on AIG. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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