The Coming Stock Market Crash: Explaining Michael Burry’s $1.6 Billion Bet

"Michael Burry just bet 1.6 billion dollars against the stock market."

"Michael Burry's bet against the stock market right now is probably closer to maybe one to two percent of his entire stock portfolio which cost him maybe a couple million dollars to make as an insurance a hedge against the stock market going down not 1.6 billion dollars going all in on betting against the stock market like we're told."

"in 2015 he predicted the stock market would crash in the next few months and it went up 11 to the next 12 months instead."

"then in 2017 he predicted a Global Financial meltdown but the stock market went up 19 12 months later."

"then right at the start of the pandemic he warned of a massive crash but a year later the S P 500 had a huge run of 72 percent."

"and in February of 2021 he issued another warning of a stock bubble but the market went up 16 a year later."

"then in September 2022 he said the bottom was not in yet and that stocks would go even lower but instead stocks went up 21 11 months months later."

"and in January 2023 he tweeted cell due to fears of a recession and more inflation but stocks went up 17 and technically 15 if you're looking at this week."

"and in August 2023 he's betting against the stock market in the tech sector and maybe this time will be different and he'll be 100 right."