This makes me happy.
I brought this up a couple days ago(maybe yesterday, they blend) and no one seemed interested.
Burry is a numbers/fundamentals guy.
I bet on him being right again.
Was it wrong for me to say sell? What am I, an oracle?
Good, I hope the market booms and he loses his entire bet.
> “Sell,” he wrote. But by the end of March, he backtracked. “I was wrong to say sell.” he wrote. <
I get that no one is perfect. But that’s Jim Cramer stuff right there.
I think I’ll just stay the course, and every year as I get older rebalance into less risky investments.
I seems to me that a stock market crash will transfer a lot of money from the market into the economy proper. Inflation bump?
He was incredibly right last time, but he was incredibly early. “Early”, when you are short, feels exactly like “wrong”. It took massive, massive staying power for him to win on his last bet.
I didn’t need him to tell me one was coming. With all the woke companies going bust I knew the score.
Blah Blah Blah.
These end-of-the-world economic stories have appeared for years and year and years on this site. Burry is a run-of-the-mill market timer who guessed (yes, guessed) right. And, of course, Hollywood loved him - and Baum - who blamed the reaction to the 2008 crash on people who hate “immigrants and poor people.”
Don’t fall for this nonsense. Look, I know we all hate Biden and want the U.S. economy to fail under his watch, but guess what? The U.S. economy and the ingenuity of American capitalists is too resilient to be brought down up one man.
Ramble off, but, stay invested (LONG TERM). Trust me, when Glen Beck was saying the stock market was going to zero in 2009 and urging all his retarded listeners to invest their last penny in MREs and underground bunkers, we were buying stock like crazy.
Mrs. Bania and I are retiring soon in our mid-40’s with a multi-million dollar primary residence in Michigan, rental properties in Chicago, a second home in the Hill Country of Texas and a vacation home in Cork County, Ireland by not listening to alarmist posts on the internet.
Big Short - bump for later....
Why buy put options? Why not just sell short? No premium nor expiration date... Doesn’t make sense to me.
It appears he bought put contracts which means the $1.6 billion is notional value and not what he actually invested.
In my mind, there’s a difference between a “stock market downturn” and a “crash”.
Is this yet another phony headline?
If the price of bread goes up solely due to inflation, then so does the price of stock. That is until you have to sell the stock to buy the bread.
so how long are the expiration dates of these put options? are they LEAPS and this guy is betting long term, or are they regular put options and he’s expecting some kind of short term downside in the market ... either way, the market doesn’t have to crash for him to make money, but simply go down some ...
What’s the time-decay (theta) of his position?
Does he need the market to crash by September, or can he afford to wait until 2024?
Past performance is not indicative of future results.
The drop will happen sometime between the Jewish holidays of Rosh HaShana and Sukkot or a just a short time after Sukkot at the latest.
Isn’t he just hedging his portfolio against a medium term market drop? Buying puts is like renting a time-out from the market while leaving your existing investments in place.