Michael Burry shorted the market yeaterday...
- Thread starter gardentiger
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Not sure about that as a near-term philosophy. Long-term, China is screwed. They are a paper tiger in every way.
Their entire economy is slave wages and stealing tech ip. As soon as Americans say enough is enough with exploiting the Chinese (lol they will never), then its over for them.
Regardless of what you're saying which is accurate they are doomed anyway. It's baked into the cake of their demographics and their debt.
Lot's of chinese money in US markets, that's my point and Burrys. We may be screwed long term also, fallout from interest rate hikes is still be hidden.
He hedged. People saying he put like 93% of his AUM into this short, have no idea what they’re talking about.
Derivatives are reported as notional values. So, it isn’t the premium outlay that is reported on a 13-F. It is the value of the underlying shares the contract represents. So, 100,000 1-week SPY puts - instead of being reported as $100,000 - gets reported as 100,000*100*$440 (current share price of SPY), or $4.4 billion. That isn’t even remotely close to the actual outlay.
Derivatives are reported as notional values. So, it isn’t the premium outlay that is reported on a 13-F. It is the value of the underlying shares the contract represents. So, 100,000 1-week SPY puts - instead of being reported as $100,000 - gets reported as 100,000*100*$440 (current share price of SPY), or $4.4 billion. That isn’t even remotely close to the actual outlay.
Do we know what the expiry and/or strike price on the contracts was? Unlikely that info is going to be on a 13-F.Looking like old Burry made another pretty good f*cking bet.
I haven’t quite understood how the market has been so resilient. That said, I’ve pretty much given up trying to time anything. I just plow cash in on a weekly basis and hope for the best in 15 years.
Same. It's not really following traditional models. Just betting on the strength of the US economy over time.
Not at all. Every indication was 2023 would be a rough year for the market. Plenty of guidance to sit on the sidelines. But my diversified portfolio is up 8.13% YTD, even with the recent pullback. That would have been a lot of gains missed. And I actually doubled down on contributions to my brokerage acct back in February.
Q4 13-F filing shows Burry covered short position on semis. So - to recap Burry’s 2024 - he opened and was forced to cover short positions on the S&P 500, the NASDAQ 100, and the SOX. He opened the short position on semis in Q3….Notational value for the above was well over $1.5 Billion….
🤣🤣🤣🤣🤣🤣🤣
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