{"id":511095,"date":"2022-11-17T00:02:55","date_gmt":"2022-11-16T21:02:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/michael-burry-cryptically-says-market-has-no-idea-how-short-i-am\/"},"modified":"2022-11-17T00:02:55","modified_gmt":"2022-11-16T21:02:55","slug":"michael-burry-cryptically-says-market-has-no-idea-how-short-i-am","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/michael-burry-cryptically-says-market-has-no-idea-how-short-i-am\/","title":{"rendered":"#Michael Burry cryptically says market has &#8216;no idea how short I am&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a38d4df8ca9f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a38d4df8ca9f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/michael-burry-cryptically-says-market-has-no-idea-how-short-i-am\/#%E2%80%9CMichael_Burry_cryptically_says_market_has_%E2%80%98no_idea_how_short_I_am%E2%80%9D\" >&#8220;Michael Burry cryptically says market has &#8216;no idea how short I am&#8217;&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1>&#8220;Michael Burry cryptically says market has &#8216;no idea how short I am'&#8221;<\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>\u201cThe Big Short\u201d sage Michael Burry revealed he\u2019s up to some of his old tricks during this latest period of market upheaval.<\/p>\n<p>Burry, whose bet against subprime mortgages were immortalized in the 2015 film, made a cryptic reference to new short positions on his <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account on Tuesday night. <\/p>\n<p>\u201cYou have no idea how short I am,\u201d Burry tweeted.<\/p>\n<p>The Scion Asset Management boss did not reveal the assets or stocks on which he is currently short.<\/p>\n<p>Burry\u2019s latest post came during a week in which the rapid collapse of cryptocurrency trading platform FTX sparked fears that a contagion could spread through the rest of the sector.<\/p>\n<p>The investor touched on the ongoing cryptocurrency bloodbath in a separate tweet, noting that gold could re-emerge as a preferred refuge.<\/p>\n<p>\u201cLong thought that the time for gold would be when crypto scandals merge into contagion,\u201d Burry tweeted.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>Burry has since deleted both posts, but screenshots were captured by the @BurryArchive Twitter account. The hedge fund wizard often deletes his tweets shortly after they are posted.<\/p>\n<p>Earlier this week, the hedge fund boss\u2019s firm disclosed that it took a handful of new \u201clong\u201d positions during the third quarter.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Michael-Burry-70-2.jpg?w=1024\" alt=\"Michael Burry\" class=\"wp-image-24074823\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Michael-Burry-70-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Michael-Burry-70-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/Michael-Burry-70-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Michael Burry famously bet against the US housing market during the Great Recession.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Scion expanded its stake in private prison operator Geo Group and made new bets on another private prison firm, CoreCivic, as well as media firm Qurate Retail, Charter Communications, Liberty Latin America and rocket maker Aerojet Rocketdyne.<\/p>\n<p>The positions, disclosed in a regulatory filing, came after Burry\u2019s firm raised eyebrows by dumping its entire stock portfolio the previous quarter. But the filing did not include any details on Scion\u2019s short positions or overseas stock holdings.<\/p>\n<p>In September, Burry said that he \u201cshould be\u201d shorting Elon Musk\u2019s electric car firm Tesla, but claimed he did not have such a position.<\/p>\n<p>Burry has repeatedly warned that US stocks are in the midst of \u201cthe mother of all crashes.\u201d<\/p>\n<p>In September, Burry pointed to plunging cryptocurrency prices and a crash in so-called \u201cmeme stocks\u201d as signs of cascading market conditions similar to those experienced during previous downturns in 2008 and 2000.<\/p>\n<p>More than a year earlier in June 2021, Burry warned that irrational \u201cfear of missing out\u201d trading in cryptocurrencies and other speculative sectors was fueling erratic market conditions.<\/p>\n<p>\u201cAll hype\/speculation is doing is drawing in retail before the mother of all crashes,\u201d Burry tweeted at the time. \u201cWhen crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach the size of countries.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/16\/michael-burry-cryptically-says-market-has-no-idea-how-short-i-am\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Michael Burry cryptically says market has &#8216;no idea how short I am&#8217;&#8221; \u201cThe Big Short\u201d sage Michael Burry revealed he\u2019s up to some of his old tricks during this latest period of market upheaval. Burry, whose bet against subprime mortgages were immortalized in the 2015 film, made a cryptic reference to new short positions on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":511096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/michael-burry-big-short-2010.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,135628,76127,5069,71835,127640],"class_list":["post-511095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-11-16-22","tag-cryptocurrency","tag-economy","tag-gold","tag-the-big-short"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=511095"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/511096"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=511095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=511095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=511095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}