Quote:
Originally Posted by Bustin Stones
Not sure if this topic made this board, but Michael Burry has taken a very large position to sell the market. Burry is the guy who called the real estate crash correctly and made a bundle for himself and his investors.
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He's also been wrong in countless other "calls" and "predictions"
But on that note...those articles and news on his position is some of the biggest BULLSHIT CLICKBAIT ever.
They are reporting he has $1 billion+ positions in them. It's WRONG, they are reporting the notional value of the options contracts aka the underlaying value of all the shares. The other articles calling this out say he likely has $40-60 million in options plays against SPY and QQQ. Yes, a big position, but the media is flat out wrong reporting he has BILLIONS against the market.
God I hate the media.
