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

 
SEVENFOURSIXTYEIGHT

User ID: 79441766
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04/25/2021 03:57 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
[link to www.zerohedge.com (secure)]
pud2.0

User ID: 77639059
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04/25/2021 03:58 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
We'll go to war, and it will recover.

U.S. = #1 (by a LOOOOONG SHOT) in manufacturing weapons.

We are a war economy.

You think Elon and Bezos are launching satellites and rockets into space for cell phones? lol

War is inevitable, imo.
pud2.0, yeah, it's pud.

Anyone can be an activist. It does not take any special skills or superhuman abilities. You just need to care enough about animals to want to help them.
TrufSerumX

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04/25/2021 04:00 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
 Quoting: SEVENFOURSIXTYEIGHT


So funny. Real crooks like Credit Suisse can create artificial derivatives and tank them, single handedly pocketing billions in the process, like what they did with inverse volatility etfs and not one regulator bats an eye.

A guy who is semi-famous gives a few stock tips or shares his research on companies and "gets paid a visit by the SEC."

Classic bull shit.
TrufSerumX
Anonymous Coward
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04/25/2021 04:07 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!!
 Quoting: Wizerr


Isnt there 3 months in every quarter? So wouldn't it be June that is the end of the 2nd quarter?
Anonymous Coward
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04/25/2021 04:11 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Delete your twitter account.
Delete your fakebook account.
Go into hiding in New Hampshire.
TrufSerumX

User ID: 78576101
United States
04/25/2021 04:23 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Delete your twitter account.
Delete your fakebook account.
Go into hiding in New Hampshire.
 Quoting: Anonymous Coward 80281702


Hide yo kidz. Hide yo wifez. Hide yo husbandz. CuZ wE CaRshin ErrYthanG ArOund HeRe!
TrufSerumX
Shadowlander

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04/25/2021 04:25 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
The S&P is due for a major correction. Overdue.

Good time to have inverse ETFs tracking the S&P500
Hick with a doctorate. Philosopher with a profane whiskey voice. Warrior Monk. Part Old Spice, part OG Kush. Torchbearer and reticent light-worker.

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Anonymous Coward
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04/25/2021 04:25 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Timing is just as important as being right. Burry’s fund was hemorrhaging money and his investors where livid with the loses prior to him eventually being right. He almost didn’t stay liquid long enough to realize the gains. He was also correct about GameStop but sold his position just before the Reddit craze missing out on over $1 billion in gains. He said to short Tesla in December and so far that’s been a horrible call. It peaked at about 37% above where his call was at. Most would have already taken their loses.
Weyoun

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04/25/2021 04:26 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
5acarsh
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04/25/2021 04:26 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
They will crash the system this year. This is the year of THE GREAT RESET.
Anonymous Coward
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04/25/2021 04:33 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Timing is just as important as being right. Burry’s fund was hemorrhaging money and his investors where livid with the loses prior to him eventually being right. He almost didn’t stay liquid long enough to realize the gains. He was also correct about GameStop but sold his position just before the Reddit craze missing out on over $1 billion in gains. He said to short Tesla in December and so far that’s been a horrible call. It peaked at about 37% above where his call was at. Most would have already taken their loses.
 Quoting: Anonymous Coward 75021818



He's gone into small caps, which recently got hammered by short sellers. They've rebounded a little bit with more potential upside, but if he's predicting another major selloff, he'll get hammered all over again. INTC got sold off after better than expected earnings, but a loss of market share. With AAPL, QCOM, and AMD reporting soon we'll see which way the market is heading in the short term as those issues are 10-20% off their highs at present prices.
Anonymous Coward
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04/25/2021 04:34 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Something wicked this way comes.


 Quoting: _Trey_


That movie was really creepy
TrufSerumX

User ID: 78576101
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04/25/2021 04:35 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Timing is just as important as being right. Burry’s fund was hemorrhaging money and his investors where livid with the loses prior to him eventually being right. He almost didn’t stay liquid long enough to realize the gains. He was also correct about GameStop but sold his position just before the Reddit craze missing out on over $1 billion in gains. He said to short Tesla in December and so far that’s been a horrible call. It peaked at about 37% above where his call was at. Most would have already taken their loses.
 Quoting: Anonymous Coward 75021818


We used to have a saying "You can be right and still lose."

Likewise,

"The market can remain irrational far longer than you can remain solvent."

Additionally,

"You will go broke trying to prove to the market you are right."
TrufSerumX
Anonymous Coward
User ID: 80224948
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04/25/2021 04:38 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
All wealthy individuals holding big gains are about to sell, because of the impending tax that could soon be implemented on capital gains for people who earn more than $1million.

If they sell their positions now, they won't have to pay the extra taxes that could soon pass.


This new tac thing and big fish selling to take profit now is gonna amplify any potential downturn in the market.
Anonymous Coward
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04/25/2021 04:44 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
In 08 it’s not like that money vanished when it left Americans pockets. It transferred to the sick fucks that caused it all.

The good news is that during this crash there is an infinite money glitch for retail investors. Just buy shares of GME stock. The price will hit $10k per share.

This will get downvoted, and scared money will tell you that it’s stupid.

But an asymmetric bet is hard to come buy these days.

Buy shares and don’t look at them again until you hear the cashier at the grocery store talking about what happened
Anonymous Coward
User ID: 77794766
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04/25/2021 04:45 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
He knows about the AMC Squeeze. He's all in!!
bigD111

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04/25/2021 05:04 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
We will all have to deal with a huge inflationary spiral that is just ahead! Brace youselves!
deplorably republican
Anonymous Coward
User ID: 80201870
Canada
04/25/2021 05:05 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!!
 Quoting: Wizerr


End of second quarter is the end of June.

That's 8 to 9 weeks away.
Anonymous Coward
User ID: 75959061
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04/25/2021 05:07 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
He knows about the AMC Squeeze. He's all in!!
 Quoting: Anonymous Coward 77794766


Well, he is a big shorter, so maybe he liquidated for the upcoming squeeze of AMC or GME to cover his positions if he has any?
Anonymous Coward
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04/25/2021 05:11 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Something wicked this way comes.


 Quoting: _Trey_


That movie was really creepy
 Quoting: Anonymous Coward 73545079


I thought it was funny.

I especially liked how Burry stood his ground and kept believing when everyone else was giving up on him and turning on him.

I found it quite inspiring.
SpeakerOfDarkSentence​s

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04/25/2021 05:12 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
there is absolutely no chance the market will crash, there is too much stimulus going on, both monetary and fiscal, and the interest rates are still low, nowhere else for capital to go rather than into the stock market. But when you have earned billions in the stock market, reducing risk is a good thing anyway.
Anonymous Coward
User ID: 78657752
Russian Federation
04/25/2021 05:13 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
 Quoting: _Trey_


Sheesh. Well that's not good.
Anonymous Coward
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04/25/2021 05:13 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
there is absolutely no chance the market will crash, there is too much stimulus going on, both monetary and fiscal, and the interest rates are still low, nowhere else for capital to go rather than into the stock market. But when you have earned billions in the stock market, reducing risk is a good thing anyway.
 Quoting: SpeakerOfDarkSentences


But his tweets saying Hyper-Inflation.
Anonymous Coward
User ID: 78657752
Russian Federation
04/25/2021 05:16 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
there is absolutely no chance the market will crash, there is too much stimulus going on, both monetary and fiscal, and the interest rates are still low, nowhere else for capital to go rather than into the stock market. But when you have earned billions in the stock market, reducing risk is a good thing anyway.
 Quoting: SpeakerOfDarkSentences


But his tweets saying Hyper-Inflation.
 Quoting: Anonymous Coward 75959061


That's what happened in the Great Depression. Black Monday.
Anonymous Coward
User ID: 79838186
United States
04/25/2021 05:17 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!!
 Quoting: Wizerr


9 weeks actually
Anonymous Coward
User ID: 80207906
United States
04/25/2021 05:20 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Timing is just as important as being right. Burry’s fund was hemorrhaging money and his investors where livid with the loses prior to him eventually being right. He almost didn’t stay liquid long enough to realize the gains. He was also correct about GameStop but sold his position just before the Reddit craze missing out on over $1 billion in gains. He said to short Tesla in December and so far that’s been a horrible call. It peaked at about 37% above where his call was at. Most would have already taken their loses.
 Quoting: Anonymous Coward 75021818


the bonds rating agencies played games to give the big boys time to dump their positions which is why burry nearly bought the farm.

he had the timing and everything down just didn't count on how crooked the system was.
Anonymous Coward
User ID: 79838186
United States
04/25/2021 05:20 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Delete your twitter account.
Delete your fakebook account.
Go into hiding in New Hampshire.
 Quoting: Anonymous Coward 80281702


New Hampshire?

no effing way.

I'm headed to the forgotten coast.
Anonymous Coward
User ID: 80207906
United States
04/25/2021 05:22 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
there is absolutely no chance the market will crash, there is too much stimulus going on, both monetary and fiscal, and the interest rates are still low, nowhere else for capital to go rather than into the stock market. But when you have earned billions in the stock market, reducing risk is a good thing anyway.
 Quoting: SpeakerOfDarkSentences


But his tweets saying Hyper-Inflation.
 Quoting: Anonymous Coward 75959061


That's what happened in the Great Depression. Black Monday.
 Quoting: Anonymous Coward 78657752


i expect hyper inflation to be all at once here. little bit little bit then you will watch prices rise on everything all at once in real time.
Anonymous Coward
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04/25/2021 05:22 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
 Quoting: _Trey_


Sheesh. Well that's not good.
 Quoting: Anonymous Coward 78657752


I stand corrected. He was Christian Bale in the movie? That dude is a fucking genius according to the movie. I am glad I own no stock but I want to know what he is buying.
Anonymous Coward
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United States
04/25/2021 05:34 PM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
Does this mean silver and gold dips are done and over?





GLP