Michael Burry - The Big Short

[tsptalk]

The Big Short’s Michael Burry says he has found the next market bubble


KEY POINTS
Passive investments are inflating stock and bond prices in a similar way that collateralized debt obligations did for subprime mortgages more than 10 years ago, Burry told Bloomberg News.

“Like most bubbles, the longer it goes on, the worse the crash will be,” said Burry.

“The theater keeps getting more crowded, but the exit door is the same as it always was. All this gets worse as you get into even less liquid equity and bond markets globally,” he said.

https://www.cnbc.com/2019/09/04/the-big-shorts-michael-burry-says-he-has-found-the-next-market-bubble.html

[Bullitt]

RE: passive indexing; I can say first hand that one reason I piled money into the market in late March was due to the amount of alleged buy and holders panicking and selling on a popular forum. Buy and hold is easy money when markets are going up, but once they go down, it's a different story. I also find it hard to believe anyone is truly buy and hold and hasn't messed with their accounts from time to time. People often will tell you the time they were right, but will never admit the times they were wrong.

Options trading is a bigger worry than pension funds choosing indexing over active management.


Government-directed shutdowns in the U.S., which led to millions of job losses and may trigger one of the country’s deepest-ever economic contractions, aren’t necessary to contain the epidemic and have disproportionately hurt low-income families and minorities, Burry argued.

Burry has so far refrained from tweeting about his investments. He told Bloomberg News last month that he placed a “significant bearish market bet that is working out for now,” without providing details except to say it was a trade of a “good size” against indexes. He said the pandemic could unwind the passive investment boom, which he has compared to purchases of collateralized debt obligations that fueled the pre-2008 mortgage bubble.

https://www.bloomberg.com/news/articles/2020-04-07/michael-burry-slams-virus-lockdowns-in-controversial-tweetstorm

[tsptalk]

Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet (zerohedge)


To summarize: Burry sees lots of downside in Tesla, upside in Alphabet and Facebook, and is betting on a surge in Treasury yields.


https://www.zerohedge.com/markets/michael-burry-reveals-massive-tesla-short-huge-inflationary-bet

[tsptalk]

'Big Short' investor Michael Burry is back on Twitter - and warning of the biggest market bubble in history


Michael Burry said markets were in a bubble of unprecedented scale.

The "Big Short" investor tweeted his dire warning after a 10-week break from Twitter.

Burry has flagged reckless speculation on Tesla stock, bitcoin, and other assets.
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-twitter-return-biggest-market-bubble-ever-2021-6-1030524823

[bmneveu]

this guy has made so many huge trades. the housing crash, tesla, gamestop... i wouldn't bet against him.

[tsptalk]

Which way is / was he betting on gamestop?

[Bullitt]

He was in GME but bailed before it went bananas. I'm sure he still made out though. He had zero shares on the books as of December 31.

[tsptalk]

Michael Burry of ‘The Big Short’ reveals a bet against Cathie Wood’s ARK Innovation ETF

Subscription site: https://www.cnbc.com/2021/08/16/michael-burry-of-the-big-short-reveals-a-bet-against-cathie-woods-ark-innovation-etf.html

[bmneveu]

this guy has made so many huge trades. the housing crash, tesla, gamestop... i wouldn't bet against him.


https://youtu.be/kzwENjZ4XTY

[tsptalk]

Never a lack of vague and sarcastic Tweets from Michael Burry. By the way he deletes his tweets shortly after he posts them but others record them and retweet.


Michael Burry just tweeted “hope that chart helped”

This is the chart that he deleted and is referring to
Larger view --> click on the image on this page... https://twitter.com/burrytracker/status/1637992989367885824/photo/1

https://www.tsptalk.com/images/mb/2023/tsp-032123c.gif

[tsptalk]

Burry often uses sarcasm, and when in writing it's tough to know exactly was he's conveying. :nuts:

https://www.tsptalk.com/images/mb/2023/tsp-033023b.gif


That second one does sound sarcastic and was in reference to this tweet in January...
https://www.tsptalk.com/images/mb/2023/tsp-033023c.gif

[tsptalk]

It seems like Burry has been bearish for a long time. He put more downside money to work in late June...


'The Big Short' Investor Is Going Big Short: Burry's 13F Says The Bull Run Of 2023 Is Over With 40,000 Puts On The SPY, QQQ


Bulls push S&P 500 16% higher in the first half of 2023; tech giants like NVDA up over 187%.

Michael Burry opens 20,000 put options each on SPY and QQQ, which could signal tech bulls to caution.


https://www.benzinga.com/markets/equities/23/08/33841151/the-big-short-investor-is-going-big-short-burrys-13f-says-the-bull-of-2023-is-over-with-40-000-p

[Bullitt]

Whoa. He has 93.59% of his portfolio in SPY (51.05%) and QQQ (42.54) puts.