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So...Michael Burry has sold 71% of his stock portfollio!!

 
_Trey_
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04/25/2021 01:14 PM

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So...Michael Burry has sold 71% of his stock portfollio!!
Something wicked this way comes.


Anonymous Coward
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04/25/2021 01:17 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's known for being early. but not for being wrong.
_Trey_  (OP)

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04/25/2021 01:20 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's known for being early. but not for being wrong.
 Quoting: Anonymous Coward 80207906


yup...and he has been sounding the alarm for 3 months now...
Anonymous Coward
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04/25/2021 01:21 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Never heard of her. Why should I care? I deal in valuable things outside of shtocks.
_Trey_  (OP)

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04/25/2021 01:22 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Never heard of her. Why should I care? I deal in valuable things outside of shtocks.
 Quoting: Anonymous Coward 74989799


he's the "big short" guy that shorted the housing market and became a billionaire
Anonymous Coward
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04/25/2021 01:24 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's known for being early. but not for being wrong.
 Quoting: Anonymous Coward 80207906


yup...and he has been sounding the alarm for 3 months now...
 Quoting: _Trey_


as they say the market can remain irrational longer than you can remain solvent.

i think the rug will pull in time for a gloomy late fall and winter. there's tons of volatility and all the signs of everyone getting theirs in one pump and dump after another, and all these over leveraged greedy manipulators are going to get margin called and evaporate overnight. i fully expect citadel like archegos to just up and vanish one day and there will be lots of fortunes made and lots of people going broke all at once.
Anonymous Coward
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04/25/2021 01:25 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Never heard of her. Why should I care? I deal in valuable things outside of shtocks.
 Quoting: Anonymous Coward 74989799


very smart very gentile very good with numbers.
he thinks it's going to carsh.
_Trey_  (OP)

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04/25/2021 01:25 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Bank of America's days are numbered
Anonymous Coward
User ID: 80207906
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04/25/2021 01:26 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Never heard of her. Why should I care? I deal in valuable things outside of shtocks.
 Quoting: Anonymous Coward 74989799


it's important to note because big moves in the stock market affect every other kind of asset or just market sentiment in general. it's worth noting - michael burry is a smart independent thinker.
Don Draper from Nantucket
Silver Bitchezz

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04/25/2021 01:27 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
I believe he got a visit from the SEC recently as well.

They don't usually visit the people who go along with their narrative. So if he got a visit it means he is probably on to something!
Too late too late will be the cry!
Jury Nullification, learn it, live it!
If ignorance is bliss than knock the smile off my face.
Everyone has a plan til they get punched in the face. M Tyson
They don't need to burn the books they just remove em!
Anonymous Coward
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04/25/2021 01:28 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Bank of America's days are numbered
 Quoting: _Trey_


well they keep talking about a digital currency and great reset.

which means a crisis needs to happen to roll out the solution. so i expect something that makes 2008 look like a pothole (which it does, remember when people thought 800 billion was a lot to bail out banks, now they do a few trillion every few months?)
bigD111

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04/25/2021 01:44 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
There sure is no reason for the market to be as high as it is. Ridiculous, and the fall will be hard.
deplorably republican
_Trey_  (OP)

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04/25/2021 02:35 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
up
Agent 99

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04/25/2021 03:23 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Financial Plans quickly approaching. Gold Standard?

US 123 trillion in debt or 25 trillion after collections made? With 8311 tonnes of gold or 270 million ounces that makes the value of gold 100k per oz.

Is that how it will work? Or will countries count their assets as cash? What assets? Mines?

FED will take over Stock Market and Corporation Finance. While the US Treasury handles currency, metals, and actual value?
Agent 99

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04/25/2021 03:25 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
There sure is no reason for the market to be as high as it is. Ridiculous, and the fall will be hard.
 Quoting: bigD111


On March 31, US dumped 3 trillion of US Stocks on Saudi. (Dubai banker). Probably a weapons deal because the bombers started flowing immediately.
Agent 99

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04/25/2021 03:27 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
So a few things in play here.

US investors dumping stocks. Because International partners (or enemies) will have huge holdings, and we steal their shit when they fail.

Nukes are very expensive. But what does the US have to trade and what does the US want?

And who knows what, and how?

Last Edited by Agent 99 on 04/25/2021 03:27 PM
Anonymous Coward
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04/25/2021 03:33 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
He's gotten rid of some high fliers and repositioned into smaller caps, which have taken a beating for the last month.
Anonymous Coward
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04/25/2021 03:36 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Bank of America's days are numbered
 Quoting: _Trey_


No way BoA partnered with Ripple back in 2018. Im sure BoA will be just fine
Anonymous Coward
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04/25/2021 03:37 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's getting liquid to buy gold!
Jungleboogie

User ID: 76648271
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04/25/2021 03:39 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
So a few things in play here.

US investors dumping stocks. Because International partners (or enemies) will have huge holdings, and we steal their shit when they fail.

Nukes are very expensive. But what does the US have to trade and what does the US want?

And who knows what, and how?
 Quoting: Agent 99


US investors dumping stocks and crypto, BECAUSE Biden administration 'says' it plans to double capital gains tax.

You left out the important part.

Next question should be 'Why would they want to do that?'
Embrace the cognitive dissonance.
Jungleboogie

User ID: 76648271
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04/25/2021 03:43 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
So a few things in play here.

US investors dumping stocks. Because International partners (or enemies) will have huge holdings, and we steal their shit when they fail.

Nukes are very expensive. But what does the US have to trade and what does the US want?

And who knows what, and how?
 Quoting: Agent 99


US investors dumping stocks and crypto, BECAUSE Biden administration 'says' it plans to double capital gains tax.

You left out the important part.

Next question should be 'Why would they want to do that?'
 Quoting: Jungleboogie


My best guess: they want the US stock manipulation team (plunge protection team) to refresh their coffers, and get into the crypto market too.
Embrace the cognitive dissonance.
Anonymous Coward
User ID: 80171683
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04/25/2021 03:47 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's known for being early. but not for being wrong.
 Quoting: Anonymous Coward 80207906


yup...and he has been sounding the alarm for 3 months now...
 Quoting: _Trey_


as they say the market can remain irrational longer than you can remain solvent.

i think the rug will pull in time for a gloomy late fall and winter. there's tons of volatility and all the signs of everyone getting theirs in one pump and dump after another, and all these over leveraged greedy manipulators are going to get margin called and evaporate overnight. i fully expect citadel like archegos to just up and vanish one day and there will be lots of fortunes made and lots of people going broke all at once.
 Quoting: Anonymous Coward 80207906


I'm sure he knows the vaxxed will start dropping in the Fall...
TrufSerumX

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04/25/2021 03:48 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
You guys better look out. Burry may sometimes be EARLY but he's incredibly solid at macro forecasting.

When gold was at 1k per ounce, and before Gates was gobbling up all of the farmland, he was telling people to buy gold and farmland and anything with access to fresh water.

Now he is SELLING, not HEDGING, BUT SELLING a very large part of his portfolio. Likely booking ALL of his gains and keeping his initial cost basis (IE a free trade).

This entire economy is right now built on NOTHING but free central bank money and the merry go round of IOUs. When that show stops... well it won't be good let's say that. Stay frosty.

Last Edited by TrufSerumX on 04/25/2021 03:49 PM
TrufSerumX
Anonymous Coward
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04/25/2021 03:49 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
So a few things in play here.

US investors dumping stocks. Because International partners (or enemies) will have huge holdings, and we steal their shit when they fail.

Nukes are very expensive. But what does the US have to trade and what does the US want?

And who knows what, and how?
 Quoting: Agent 99


US investors dumping stocks and crypto, BECAUSE Biden administration 'says' it plans to double capital gains tax.

You left out the important part.

Next question should be 'Why would they want to do that?'
 Quoting: Jungleboogie


My best guess: they want the US stock manipulation team (plunge protection team) to refresh their coffers, and get into the crypto market too.
 Quoting: Jungleboogie


glassesoff
TrufSerumX

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04/25/2021 03:50 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Sammy
TrufSerumX
Sheepster

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04/25/2021 03:50 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Something wicked this way comes.


 Quoting: _Trey_


bill gates and buffet are buying farm land all over the world

mainstream plumbers and drywall installers are buying crypto :))) hahahahaha
Sheepster
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04/25/2021 03:52 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's getting liquid to buy gold!
 Quoting: Anonymous Coward 75888579


uh [email protected]
Wizerr

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Canada
04/25/2021 03:52 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
According to Canadian government leak, there will be a GLOBAL MARKET MELTDOWN / FINANCIAL COLLAPSE biggest ever by end of Q2. He probably got his hands on this leaked info.

End of Q2 is only 2 to 3 weeks away!!
Wizerr
LostRabbit

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04/25/2021 03:53 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
It's coming.
TrufSerumX

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04/25/2021 03:53 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Something wicked this way comes.


 Quoting: _Trey_


bill gates and buffet are buying farm land all over the world

mainstream plumbers and drywall installers are buying crypto :))) hahahahaha
 Quoting: Sheepster


EXACTLY. "They" always employ the "swordfish" tactic of distraction. "Look this way, while we do the opposite over here."

ALL of the REAL WEALTH of the world is being gobbled up while the masses poor into speculative bits and bytes.
TrufSerumX
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04/25/2021 03:56 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
That's a somethingburger





GLP