, as shown on his latsest 13 filing. According to the document, Scion Asset Management purchased $866 million worth of puts against the SPY and $739 million worth of puts against the QQQ, exposing over 90% of its portfolio.
In September 2019, he forecasted a stock market crash due to an"indexed ETF bubble," but the S&P 500 gained 15% in the next 12 months.In February 2021, he predicted significant stock market declines due to a speculative bubble, yet the S&P 500 increased by 16% in the subsequent months. With this in mind, let's take a peek at history for some insights on whether the 'Big Short' investors is right this time around.Since 1928, the S&P 500 has ended the year positively with a +10% gain a whopping 55 times. Yet, within those positive years, there were 23 instances of a correction of -10% .