Are billionaires betting against US equities

Are billionaires betting against US equities? At least two prominent billionaire investors appear skeptical of US stocks. David Einhorn, manager of Greenlight Capital, is feeling dubious about a 2014 stock rally. He says the market was favorable to companies in 2013 who beat earnings (74% in the fourth quarter), but that's after many companies had previously lowered guidance. Einhorn doesn't believe that scenario will hold in 2014. What's more, George Soros recently increased his SPY put position to over 11% of his portfolio. That's not only the largest holding in the portfolio, but also amounts to over $1 billion in bearish options. Keep in mind, those SPY puts could be a very substantial hedge against an otherwise long portfolio. He may just be playing it safe given the global economic climate. Nevertheless, both billionaires are certainly worth keeping an eye on. (VIEW LINK)