Michael Burry just warned of a potential 1987-style market crash after the S&P 500 ripped 5% in four days, and he is putting real capital behind short positions against Nvidia, Micron, Applied Materia
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
I witnessed his NVDA short in the tape. 2 million shares sold at 214.26, then 2 million more minutes later. So $1 billion worth of shares!! He's underwater rn.
nobody can time the mkt - he had to hold positions for a long time last time, can he do it again? very doubtful, i think it depends on consistently good earnings
Michael Burry is a smart man and one of the first people that pointed out the circular financing between AI companies.But I think market is going to stay irrational for a little longer... So I would be cautious about shorting stoks...
The government can print money for longer than you can stay solvent.
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That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.