Off-topic - more on the same subject:
Wall Street's prophet of doom bets against the market - is what he calls a "bubble" about to burst?
If you thought he disappeared - Michael Burry, the man who saw the 2008 crisis when no one else bothered to look at the data - is back.
According to Burry, we are living a disturbing déjà vu of the dot-com bubble in 2000, and he is opening his wallet to bet against this party.
Burry's main argument is simple:
The ETF tracking chip companies - ($SOXX) is hovering at dangerous heights above the 200-day moving average - levels not seen since the crazy days of 2000.
When we talk about multiples, Burry points to a figure that, according to him, changes everything:
The chip index trades at more than 16 times revenue.
Even if we take Nvidia out of the equation - the valuation of the other companies in the sector is detached from reality.
Burry doesn't just talk -
He increased his short position with PUT options on the chip index for March 2027.
He is betting that the fall is coming - and even if it takes longer than he thinks - he wants to be there when it happens.
Alongside a short position on the chip index (SOXX) - he holds other prominent short positions:
A short position on Nvidia $NVDA at $198.
A short position on Tesla $TSLA at $416.
A short position on Caterpillar $CAT at $1,060.
A short position on Applied Materials $AMAT at $729.
Investors are convinced that artificial intelligence is "the next big thing" that will lead to infinite growth,
but in the eyes of the doomsayer Michael Burry...
The moment momentum and growth stop - the correction could be extremely violent.
Burry issues a severe warning - valuations have become a bubble just waiting for the right pin.
Time will tell if after 26 years - Wall Street's prophet of doom - Michael Burry - was right again.
Friends, what do you think about Burry's decisive bet against the market?
Burry needs to start taking Cipralex -
I'm with Burry -
Let's see what you think