Michael Burry (of Big Short fame) is shorting the US Economy for a position of 1.6 B

[mantadre]

https://www.benzinga.com/real-estat...market-crash-mdash-here-are-3-investment-oppo

And here I was thinking of getting some VOO to earn some cash in dollars. Opinions?

 

[blacksheepbaptist]

@mantadre Playing it safe right now lalo sa US stocks because of Interest rates globally. Hindi yan ramdam automatically because madaming stimulus na na inject globally due to pandemic pero once mag dry up funds ay I think doon na ramdam yan. I might be wrong pero since bullrun na US stocks in a very long time IMO mas feasible ito for correction

 

[faithinjesus777]

@mantadre Who cares. Means more buying oppurtunities. Just noise.

 

[mantadre]

@faithinjesus777 i'd have to argue that a potential 1.6 B in a bearish position is not "just noise". but you're prolly right. guess i'll buy at the next dip

 

[sailorsam]

@mantadre Not an expert, but I have read others say that he is always early so we just have to wait and see. People also joked around that he has predicted like 10 of the last 3 recessions

 

[mantadre]

@sailorsam i just remember his bad short position on Tesla but iirc Scion is still doing well

guess he wasn't using most of the fund's liquidity?

 

[nicole888]

@mantadre Yes, none of these matter in the long run

 

[angie197167]

@mantadre The article says its 94% of his portfolio.