'Big Short' Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash
Scion sold off its long positions on 11 U.S. equities during the second quarter, including Google parent company Alphabet, Facebook parent company Meta Platforms, Bristol-Myers Squibb, Booking Holdings, Cigna Corp., Discovery, Global Payments, and Nexstar Media Group. The asset management firm held as much as $165 million of U.S. stocks at the end of the first quarter.
The Big Short investor has been warning about market crashes on Twitter. His tweet Sunday indicated that the recent rally in the tech-heavy Nasdaq was likely to be short-lived. He wrote:In another tweet, he opined: “Contrary to the internet and the Twittersphere, there have been bear market rallies that eclipsed 50% retracement and led to a lower low.” Noting that it “depends [on] how you define a bear rally and/or a cycle,” he listed April 1930, November 1938, June 1946, and November 1968.
kefen almış
I lost over $1 million on bitcoin before, the up and down risk was beyond my control, now I'm losing faith in it and now prefer stable returns
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When you're a hammer all you see are nails. When you are Michael Burry all you see are short positions
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the dip aint ova
When he sold, he got USD. As 2/3 of the world will fight USD what did he do with the cash? Bitcoin or Gold ?
Meaning buy now or Cry later letsss go 😁
Fun truth bitcoins can’t go down to 60% lost ... for me its the best time to buy invest more..Read about its growth , length of lost gained and profit gain.. you thank me later, February next year big 87%profit gain
He looks angry.
Paper hands
Seem like a questionable call, idk 🤷♂️
Bury's Scion Asset Management disclosed more than 500,000 Geo Group holdings worth $3.3 million. Geo Group, which invests in private prisons and mental health facilities, has a market value of less than $900 million.
Ouch,,, USERS UNAFFECTED
787
Aren’t you surprised to see everyonee is silent on this
Will this be historyy in the makingg?
🚀 Thankss a millon
LOL people are exploiting uniswap!