WATCH: Markets will falter - Soros

FILE PHOTO -- Business magnate George Soros arrives to speak at the Open Russia Club in London

FILE PHOTO -- Business magnate George Soros arrives to speak at the Open Russia Club in London

Published Jan 20, 2017

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New York - Billionaire investor George Soros said the euphoria among stock

investors since the victory of President-elect Donald Trump will end as

uncertainty takes over.

"Uncertainty is at a peak and actually uncertainty is the enemy of

long-term investment," Soros, the chairman of Soros Fund Management,

said on Bloomberg Television from Davos on Thursday.

"I don’t think the markets are going to do very well. Right now

they’re still celebrating but when reality comes it will prevail."

Soros lost nearly $1 billion as a result of the stock-market rally spurred

by Trump’s surprise win in November, the Wall Street Journal reported earlier

this month.

Soros became more pessimistic immediately after Trump’s election. But

stocks rallied on expectations that Trump’s policies will boost corporate

earnings and the overall economy.

BLOOMBERG

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