https://seekingalpha.com/article/4628347-michael-burrys-next-big-short-betting-1-6-billion-against-the-us-stock-market Is this guy correct this time? He is betting a billion bucks against the market
So i read about this guy before. Burry is known for the movie but this mans been making false predictions usually. You cant just take a rich guys words. They got more money to play with than you. Even a broken clock is right twice a day remember
He also said sell in January and his prediction was wrong
Here’s a link: https://www.newyorkfed.org/research/capital_markets/ycfaq#/interactive There is no soft landing anymore. The probability of a recession is at its highest level right now
Old data
U guys r stupid af, getting clickbaited by headlines. The notional value is 1.6b, but the actual price paid for the spy position is roughly 2 million usd. $890m worth of notional spy puts @ 443 / sh -> $2,013,544 spent on spy puts Its like me claiming i was short 1.2m against spy last week when i had 30 puts @ 448 🤣 Anyway, see you all at ATHs later this year
“Michael berry”