The “Big Short” Guy is going to crash the market again, like he did before the great recession.
The Media blames him for that crash and not the MFers bundlings a bunch of overvalued homes filled with people that couldn’t afford a regular valued home, then selling the mess to Iceland as a “mortgage backed security”.
When The market crashes, I won’t blame him for this one, either. Tesla’s are nice, but with $2.00 Gasoline, TSLA isn’t worth more than every car mfg, combined.
Bring on the crash.
It drives me f...ing insane how people blame speculators and short sellers. Gov’t and Fed creates all these crazy debt instruments, SEC allows companies to issue junk debt for stock buybacks, and so on. What in the heck do they think people are going to do when they set up this madness? Most of us would love to analyze GameStop based on how many games they’ll sell and so on, but you’d be out of your mind to think that way in these fraudulent “markets”.
Instead look for liquidity waves, ride it, get out before it crashes.
“The “Big Short” Guy is going to crash the market again, like he did before the great recession.”
Michael Burry (Big Short guy) didn’t cause the 2008 bubble to collapse.
He simply recognized that there was a bubble and positioned his firm to profit when the bubble collapsed. He used credit default swaps or something similar.