Soros: "Danger of Collapse Has Passed," But Stock Rally Not Sustainable

Soros only says it has passed because the people that really control the markets have been aptly paid off via bailouts, stimulus, etc. It's been reported that Soros's fund has earned over $1B since the "crisis" began.

I see, Soros is short stocks again.....ever the vulture.

Traditionally its economic growth that drives inflation. What the FED is doing now is to ARTIFICIALLY create inflation in the HOPE of driving economic growth. This is the stupidiest thing I've ever seen, trying to pump up asset prices to induce folks chasing after higher asset prices huh?? Its DOOMED to fail, coz Americans are BANKRUPT, broke, unemployed. Worse, USD devalued in real term. Stupid FED.

Lets see....a billionaire investor comments that the market will fail to trend upwards for the foreseeable future. I think I will stay in the market. Else I am guessing he would be buying my shares.

Why can't reporters and editors do their jobs?????? Lehman croaked in 2008, not 2000. It's right up there at the opening of the article....obviously it wasn't proofread!!!!

Harry Dent does not agree, he says in his latest book that this rally will be short lived. Economy will tank in the fall for many years to come.

George is a master of the markets and whoever disagrees with him may find themselves with large losses

his earnings and gov stim are two separate entities and your focus on his earnings are childish to say the least without the facts supporting such earings bozo

Soros is likely right as usual. Especially when it comes to U.S. blue chips recovering quickly. The Daily Joggle has a new story talking about how, no matter what happens with the recovery, big U.S. companies like Proctor & Gamble will have a hard time competing thanks to the new Obama budget.

Let me guess soros is net short the markets. Have they no shame after all they have done to the financial system already.

It's all about earnings; right? So we have two months to see where the economy stands. Let's not get ahead of ourselves.

What's he saying that we didn't already know though? Everyone knew this rally was a joke - earnings just keep getting worse and worse, as do unemployment and housing prices. And yet we've bottomed out? The money to the banks was just to keep them from falling over - everyone, themselves included, knew that nobody would increase lending into this environment. With all the economic indicators getting worse, why would banks lend MORE money when they're already getting hit with increasing defaults? And already in poor shape? The rest of the year is not going to be pretty.

NO... it is NOT sustainable without NEW JOBS.... duh????

Look what is being said here. Do people really believe that ANYONE can predict the market? Earnings are everything! That is all anyone should be concerned with.

he wants you to put your money in so he can make his money when all goes down. this is an obvious pump so he can dump.

THE BULL HAS BEEN TURNED TO "MCBURGERS"....COLLAPSE IS NOW "IMPLOSION"....AND "TAXES"ARE THE REAL CULPRIT... GM,FORD. CHRYSLER CAN MAKE A DIME.."BUT THE THE STATE MAKES A FORTUNE ON"SALES TAXES"..SS TAXES... ETC.ETC.ETC.ETC....AD INFINITUM,,, THE WHOLE "DECK OF CARDS"WAS/IS BASED ON "TAX INFLATION".. WHERE EVERY YEAR.TAXES GO UP ..AND UP,, .AND 16 OZ. PRODUCT IS NOW 12 OZ....LOOK AT ANYTHING YOU BUY,,, .. AND IF YOU DONT SEE IT. GO GET YOUR "GED"..ITS BEEN GOING ON FOR "DECADES""

So much for restoring credit markets - every major credit card company is sending out notice today that they are raising all of their credit card interest rates to a minimum or 13.9 or 14.9%, effective May. This is regardless of your credit ratings, how you managed your credit, or how much debt you have. We have loaned these same banks billions of tax dollars, our tax money, and now they slam the economy in the shorts with credit rate hike. Once the consumer sees the effect, they will again stop purchasing and begin to hold onto cash. The recession is here to stay, thanks to the stupid actions of the federal government!

Soros financially supports every cause related to the Hard Left. The elitist of all elitists. Here is my prayer that his shorts result in the financial destruction of his family for generations to come.

Many of older financial speculators such as George Soros continue to use their experiences and historical perspective to try to understand our economy. There is also a huge fixation on the banks that may or may not be justified. Sometimes we as investors seem to forget two things which may be open to discussion but I believe are important: 1) There is still a huge amount of money on the sidelines right now looking for a home. Any sign that this economy is recovering will compel some investors to reinvest in the market. 2) The dropoff in consumer demand was not all driven by a drop in bank financing. A lot of it has just been a drop in consumer confidence. As consumer confidence recovers, even a little, and even if the increase in increase in confidence is not totally based on facts, the market and the economy will improve. A lot of this recession has been in our heads.

"kylec321 - Tuesday April 07, 2009 09:35AM EDTLehman went bankrupt in 2000? Interesting...." (Yes...it was right after Reagan ran for his second term as President in 1968).