The Big Short investor Michael Burry bets $1.6bn on stock market crash
The Big Short investor Michael Burry bets $1.6bn on stock market crash
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.
Sounds good bruh I’ll be buying stocks every week as ever.
11But why Christian Bale?
9Have you seen the movie, The Big Short? Burry is played by Christian Bale
20Nope! Thanks.
8
But why male models?
15Are you serious? I just told you about that.
7
From https://m.investing.com/analysis/is-michael-burry-right-about-the-us-stock-market-again-200641084
Here's the list:
- In December 2015, he predicted a stock market crash in the following months, but the S&P 500 saw an 11% gain in the subsequent 12 months.
- In May 2017, he predicted a new financial collapse, yet the S&P 500 recorded a 19% increase in the following 12 months.
- In September 2019, he forecasted a stock market crash due to an "indexed ETF bubble," but the S&P 500 gained 15% in the next 12 months.
- In March 2020, he perpetually held a bearish view, but the S&P 500 surged by 72%.
- In February 2021, he predicted significant stock market declines due to a speculative bubble, yet the S&P 500 increased by 16% in the subsequent months.
- In September 2022, he forecasted further failures and that the lows hadn't been touched, but the S&P 500 performed positively with a 21% gain.
- In January of this year, he foresaw a recession and a new cycle of inflation, yet the S&P 500 achieved remarkable positive performance.
Not saying he’s wrong, just was curious on his track record.
8I believe he has puts for a nominal stock value of 1.6b. That could be a 1M, 10M, or 100M in actual expenditure depending on his strike and expiry. The degenerates on wsb regularly place yolo calls or puts on millions or tens of millions in value for a few thousand dollars.
6I don't understand what you mean but I assume big money man knows how to make smart money choices.
2Big money man’s magic 8 ball was right once, but looks like lately the blue goo has drained out of it.
2
Commercial real estate mortgage backed securities market, anyone? Why indeed are they all pushing return to office so hard...
4My only question is...how can I get in on that investment? I also think the stick market is going to crash but no clue how one goes about betting against it...
1Don't tell my labrador!
6A lot of people are everyday. Just buy puts.
3its clearly stated in the article. PUTS against the QQQ and S&P funds. anyone with an account and money can get in on this action.
PS. i think he’s 12 weeks early for the best deals. I’ll wait for the followers to panic sell and buy up those same funds for far less. 2024 is going to suck for the whole planet.
2Do you have any billions of dollars lying around? I somehow doubt it can be done for under $100…but I also have zero clue
1