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Big Short Investor Bets Against S&P
Posted on 8/15/23 at 4:06 pm
Posted on 8/15/23 at 4:06 pm
LINK
quote:
Michael Burry, the money manager made famous in the book and film 'The Big Short,' appears to be betting on a major downturn in the US stock market.
Burry held bearish positions against the S&P 500 and Nasdaq 100 Index worth a combined $1.6 billion at the end of the second quarter, according to securities fillings released on Monday.
The founder of Scion Asset Management bought put options against $739 million worth of shares in the popular Invesco QQQ Trust ETF during the quarter, and separate put options against $886 million worth of the SPDR S&P 500 ETF.
10
Posted on 8/15/23 at 4:13 pm to Aubie Spr96
Seems to be a smart guy, but this bro predicts a recession like every other quarter.
Posted on 8/15/23 at 4:15 pm to Aubie Spr96
confirmed… Husssss is actually Michael Burry
Posted on 8/15/23 at 4:28 pm to notiger1997
He was 100% right one time on a major move- the odds of doing the same twice are very slim....
Posted on 8/15/23 at 4:41 pm to Aubie Spr96
Let’s be clear… he bought puts, he did not short the position
Posted on 8/15/23 at 4:52 pm to Aubie Spr96
It must be Tuesday if Burry is predicting a recession.
Posted on 8/15/23 at 5:04 pm to Shepherd88
quote:
Let’s be clear… he bought puts, he did not short the position
Right. Labeling it as a $1.6T short position for a fund that’s under $250mm AUM is funny.
Posted on 8/15/23 at 5:40 pm to slackster
LINK
quote:
A look at all of Michael Burry's recent predictions. In 2005, Predicted the collapse of the subprime mortgage market -> Housing market crashes in 2008, Global Financial Crisis.
On Dec 2015, he predicted that the stock market would crash within the next few months. -> SPX +11% Next 12 months
On May 2017, he predicted a global financial meltdown-> SPX +19% Next 12 months
On Sept 2019, he predicted that the stock market would crash due to a bubble in index ETFs -> SPX +15% Next 12 months
On March 2020, he revealed a massive bearish bet- -> SPX +72% Next 12 months
On Feb 2021, he predicted that the stock market would crash due to a speculative bubble. Shorts Tesla. -> SPX +16% Next 12 months
On Sept 2022, he predicted that the stock market warned of more failures, bottom not hit yet. -> SPX +21% Next 11 months
On Jan 2023, he predicts a recession and new round of inflation. Says “ SELL” -> SPX +17% Year to Date
On Aug 2023, Reveals Short Positions on the SPY and QQQ
Posted on 8/15/23 at 5:58 pm to Aubie Spr96
I wonder if he's still going to the office barefooted.
Posted on 8/15/23 at 6:45 pm to Shepherd88
I’m not a billionaire and I don’t know his strategy/time frame, but I do not have the testicles to bet against the juggernauts that make up the vast majority of QQQ. Do your thing Michael, good luck
Posted on 8/15/23 at 6:55 pm to Shepherd88
quote:
A look at all of Michael Burry's recent predictions. In 2005, Predicted the collapse of the subprime mortgage market -> Housing market crashes in 2008, Global Financial Crisis.
On Dec 2015, he predicted that the stock market would crash within the next few months. -> SPX +11% Next 12 months
On May 2017, he predicted a global financial meltdown-> SPX +19% Next 12 months
On Sept 2019, he predicted that the stock market would crash due to a bubble in index ETFs -> SPX +15% Next 12 months
On March 2020, he revealed a massive bearish bet- -> SPX +72% Next 12 months
On Feb 2021, he predicted that the stock market would crash due to a speculative bubble. Shorts Tesla. -> SPX +16% Next 12 months
On Sept 2022, he predicted that the stock market warned of more failures, bottom not hit yet. -> SPX +21% Next 11 months
On Jan 2023, he predicts a recession and new round of inflation. Says “ SELL” -> SPX +17% Year to Date
On Aug 2023, Reveals Short Positions on the SPY and QQQ
Well that's fricking brutal when laid out like that
Posted on 8/15/23 at 8:17 pm to Joshjrn
Burry isn’t just predicting ….. isn’t just yakking ….. he’s betting the farm
$2M in puts …. serious position
$2M in puts …. serious position
Posted on 8/16/23 at 11:06 am to Shepherd88
quote:
and QQQ
I just added more to my long position today.
Posted on 8/16/23 at 11:36 am to cadillacattack
He also increased position in Warner Bros, CVS, and more.
Posted on 8/16/23 at 12:55 pm to Aubie Spr96
Interesting
Also interesting that he backtracked on his tweet to sell back in march.
Important to note that the article says he is betting on a major downturn in the market yet the put options he bought don’t indicate that. The article doesn’t say if he’s betting on a short term, intermediate or long term drop. When do the outs expire?!
Such an obvious question yet the article leaves that out.
Also interesting that he backtracked on his tweet to sell back in march.
Important to note that the article says he is betting on a major downturn in the market yet the put options he bought don’t indicate that. The article doesn’t say if he’s betting on a short term, intermediate or long term drop. When do the outs expire?!
Such an obvious question yet the article leaves that out.
This post was edited on 8/17/23 at 12:39 pm
Posted on 8/16/23 at 1:09 pm to Aubie Spr96
quote:
In January, he tweeted a cryptic message to his 1.4 million followers. “Sell,” he wrote. But by the end of March, he backtracked. “I was wrong to say sell.” he wrote.
Thanks, Doc.
Posted on 8/16/23 at 1:25 pm to Aubie Spr96
quote:I miss Hussss...
Big Short Investor Bets Against S&P
Posted on 8/16/23 at 2:52 pm to Shepherd88
quote:
-> SPX +11% Next 12 months
-> SPX +19% Next 12 months
-> SPX +15% Next 12 months
-> SPX +72% Next 12 months
-> SPX +16% Next 12 months
-> SPX +21% Next 11 months
-> SPX +17% Year to Date
Looking like a pretty sure bet for a down cycle
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