'Big Short' investor Michael Burry bets on Wall Street downturn

Michael Burry, the investor who predicted and bet big on the 2008 market crash, is once again predicting another downturn, and has put $1.6 billion on the line in preparation for it. #CNN #News

[kortyEdna]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

[jessicamoore]

"Big Short" investor Steve Eisman said the sizzling stock market rally of 2023 can run on as long as the US economy stays strong. I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[sting_grayl]

Concerns about a potential downturn have left me feeling uneasy. I'm uncertain about my $600K portfolio strategy, given the ambiguity surrounding a downturn and the fact that interest rates increase has been halted

[stephaniestella]

What is the best way to profit from the current market, meanwhile I'm still undecided about investing $40k in my stock portfolio to get some dvidends and minimize risk

[patrickbrussels]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

[Maryconnell]

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400, 000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

[jimmycrackcorn]

Well that didn't go well for him.

[Natalieneptune]

Starting early is simply the best way of getting ahead to build wealth, investing remains a priority . I learnt from my last year's experience, I am able to build a suitable life beause I invested early ahead this time .

[madhav]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 285K
yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[Bill_clarkson]

In every crisis, there is an opportunity, " as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery. As Robert Kiyosaki once said,
"It's not about the amount of money you save, but the amount you invest." Focus on financial education, reducing unnecessary expenses, and leveraging opportunities that arise.

[artconsciousness]

I recently saw on a money podcast that dozens of big time investors are selling off their shates in huge ammounts so perhaps Burry is right again.

[adamarket]

The Big Short is a great movie by Adam McKay, but if you watch the movie, you'll notice the Burry character endures a lot of pain of failure even as he holds out. Even that "massive win" wasn't without negative consequences. Burry is like a broken clock, right twice a day, whenever the market breaks his way. About 6 months ago Burry tweeted, "Sell!" then deleted his post a few days later when it became clear he'd misfired. The market feels mostly like Schrodinger's Cat at the moment. You just don't know if the cat will be alive or dead until the market opens.

[JasonDrvmz]

If it crashes I’m buying everything at a discount, I missed out in 2020 and I’m not making that same mistake. Let’s get this money 💰 🙌🏾

[Sinh]

Learned one thing. Those investors who were right once in predicting whether the market was up or down. After that, all their next predictions were or are trashed 😢

[jlvandat]

It's better if the reporters just explain the facts and avoid providing guidance. Facts are that Burry has made a relatively large short position using Put Options, and given the recent movement south he is undoubtedly beginning to realize serious gains. Personally, I began taking short positions 3 weeks ago based on (1) Buffett's very large cash position (2) Burry's decision to go short (3) the excessive amount of speculation $ still in the markets due to the Fed's massive liquidity pump in 2020-21 (note that crypto has yet to totally collapse as one indication of this excess) and (4) relative high bullish sentiment beginning about 3 weeks ago. I expect this downtrend to continue longer than most expect, possibly into the New Year.

[jessemetro]

A third of properties in Vegas were in litigation in 2008. Everything stopped. Cranes sat.

[leondonald]

Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.

[BabyGangsterIsMe]

the problem is housing market bubble..in order to pop this bubble, FED needs raise it up so BOND can go up high, interset rate can go up like crazy then people will sell stocks .. if they lose money in stock market, they have to sell houses to cover their lost... that is why i believe market will crash anytime soon ..if market is not crash, there is NO WAY u can bring down the house price... thanks to FED lower it down to 3% for them to refiance, now they need to fix their mistake... to fix this, u need market to crash hard to correct house price back to normal

[corumuk]

I'd love to buy the dip, but then I look at things like the S&P 90 year chart and see periods like the peak in 1929, after which it dropped and didn't recover until 1958! and again from around 1968 to 1987. Those are long periods to be down for a simple buy and hold investor.

[aaronf.]

Past performance doesn't guarantee future results. It applies to the market as much as it does Michael Burry