Michael Burry the famous “ Big Short "
who predicted the crash of 2008 has
just shorted the stock market.
Michael Burry's Next Big Short: Betting $1.6 Billion Against The U.S. Stock Market
zerohedge.com
Michael Burry Loads Up On $1.6BN Notional Worth Of S&P, Nasdaq Puts; Goes Long Japan
After trading in and out of distressed US banks, Michael Burry appears to once again be turning bearish on the broader US market while
In summary, he is long bulk shippers, oil and gas companies, prisons, banks, media companies and short tech.
***To clarify the recent Big Short from Burry's 13F filing***
The $1.6B of puts represents how much it would cost to exercise those puts
It DOES NOT represent the actual amount Burry spent on them
still it is a bet against the market