Sounds good bruh I’ll be buying stocks every week as ever.
this post was submitted on 18 Aug 2023
46 points (87.1% liked)
worldnews
4836 readers
1 users here now
Rules:
-
Be civil. Disagreements happen, that does not give you the right to personally insult each other.
-
No racism or bigotry.
-
Posts from sources that aren't known to be incredibly biased for either side of the spectrum are preferred. If this is not an option, you may post from whatever source you have as long as it is relevant to this community.
-
Post titles should be the same as the article title.
-
No spam, self-promotion, or trolling.
Instance-wide rules always apply.
founded 1 year ago
MODERATORS
But why Christian Bale?
Have you seen the movie, The Big Short? Burry is played by Christian Bale
Nope! Thanks.
But why male models?
Are you serious? I just told you about that.
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.
I 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.
I don't understand what you mean but I assume big money man knows how to make smart money choices.
Big money man’s magic 8 ball was right once, but looks like lately the blue goo has drained out of it.
My 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...
Don't tell my labrador!
A lot of people are everyday. Just buy puts.
its 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.
“Options trading involves risk. Return of investment not guaranteed. Please consult with a certified financial advisor before investing. “ etc etc is probably a worthwhile warning for anyone who doesn’t know how to get into this trade…
I am a random stranger on the internet. if you invest on my recommendations then you’re a moron and deserve to lose money.
I did just read that people apparently spent tons of money on digital monkey pictures…, and are even trying to sue someone because they did. Crazy world we live in
Do you have any billions of dollars lying around? I somehow doubt it can be done for under $100…but I also have zero clue
Think he should probably be arrested instead
Why?
Don't think rich people should be able to bet against the economy
It's not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.