'Big Short' investor Michael Burry warns of a massive bubble and epic market crash

[Wildreamz]

So as of yesterday's move, the Short ARKK ETF (SARK) delivered >20% returns in the past month, right after Michael Burry unwind his position.

Market timing is hard indeed.

(not vested in SARK or ARKK)

[Behappyalways]

Goldman continued to "aggressively" dump its positions which are in the money in an environment that is "supportive", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.


Goldman Lost $500MM Trading Stocks In Q4 As It Quietly Sold Even More Billions In Equities
https://www.zerohedge.com/markets/goldma...s-equities

[Behappyalways]

A good read

"The Biggest Asset Bubble In U.S. History": Mark Spiegel Eviscerates Fed Policy And Tesla
https://www.zerohedge.com/markets/bigges...-and-tesla

[BlueKelah]

A good read

"The Biggest Asset Bubble In U.S. History": Mark Spiegel Eviscerates Fed Policy And Tesla
https://www.zerohedge.com/markets/bigges...-and-tesla

Always nice to read an opposing point of view. 

His analysis of Tesla profits is enlightening though I am not sure how much of it is true? I have always been skeptical Tesla is reporting real numbers after they absorbed the massively loss making business SolarCity. But sound like he did do his homework closely analysing the cash flows. 

But I think we will see how good Tesla is once Fed starts tighetning and if FED is forced to do 10% rate rise this year to combat runaway inflation and the tech bubble really pops, still too much cheap money slushing around.

[Behappyalways]

Goldman Quietly Sells Billions In Stocks For The Third Quarter In A Row
https://www.zerohedge.com/markets/goldma...uarter-row

Goldman continued to "aggressively" dump its positions which are in the money in an environment that is "supportive", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.


Goldman Lost $500MM Trading Stocks In Q4 As It Quietly Sold Even More Billions In Equities
https://www.zerohedge.com/markets/goldma...s-equities

[BlueKelah]

Goldman Quietly Sells Billions In Stocks For The Third Quarter In A Row
https://www.zerohedge.com/markets/goldma...uarter-row

Goldman continued to "aggressively" dump its positions which are in the money in an environment that is "supportive", i.e., in which the dumb money is providing a constant bid into which whales such as Goldman can sell.


Goldman Lost $500MM Trading Stocks In Q4 As It Quietly Sold Even More Billions In Equities
https://www.zerohedge.com/markets/goldma...s-equities

OMG thats where all the big money is going  Good to know. I will still be loading up on gold and commodity stocks though...

[Behappyalways]

Stocks are almost uninvestible now with the general market coming down unless you believe that certain individual stock can withstand the pull ( crash) of the general market.

Gold might be a good investment but I think in the short term it might be pull down by the general market. But the long term trend for gold is bullish as fiat currencies become worthless. Buying gold miner companies will amplify the gain in price of gold ( by the way forget about Singapore cxxx...it is a donkey.....look overseas) During this time I will be adding my shorts( indices) while accumulating gold miners....

[Wildreamz]

Stocks are almost uninvestible now with the general market coming down..

..

Interesting, I find that that's when most stocks get more "investible" not the other way around. 

2c, peace.

[weijian]

@wildreamz, I totally agree with you. The principles of value investing will keep things busy (and interesting) at all times. If an investor thinks like a business owner, and the latter welcomes the hustle and possibilities are always there everyday regardless of "sentiment", then it should be no different for an OPMI like me or you.

Moving back to the "poor general market"...I thought Ben Carlson has a nice table of historical S&P500 bear markets, to remind us (or keep us) in perspective. What do VBs see? The years before Alan Greenspan's put had deep and long bear markets. And since then, we had relatively short bears, with the dotcom crash+911 giving everyone a sucker punch in between.

To quote from Morgan Housel's recent article - "About once a decade, people forget that bubbles form and burst about once a decade".

How Long Do Bear Markets Last?

As of the close on Monday the S&P 500 is now down almost 17% from all-time highs. The technical definition of a bear market is down 20% but we’re close enough for me to call it.

It’s a bloodbath out there. The Nasdaq 100 and Russell 2000 are both already there

https://awealthofcommonsense.com/2022/05...kets-last/

[brattzz]

PSA : cash is king during bear market, so please load up your elephant gun for the hunt soon!