Michael Burry Nothing Burger Stock Market CRASH Warnings

By: Nadeem_Walayat

Apparently Michel 'Nothing Berger' Burry has put BIG SHORT position on the stock market to the tune of $1.6 billion, as reports the fear mongering MSM.

Of course it's nonsense, in fact Michael nothing Burger may not even be net short! All he has done is to buy out of the money PUT options on the SPY and QQQ with a notional value of $1.6 billion for which in reality he may only committed less than $10 million! Which in reality could be part of a larger LONG position i.e. the Puts are a hedge against his long positions, I do the similar, buy S&P puts especially if I think a correction is likely, with the understanding that they may expire worthless if said correction fails to materialise, where the only way to reduce ones risk is to go for in the money and longer dates options, i.e at least 3 months to expiry and preferably 6 months so as to give the position room to breath. Anyway Burry is NOT SHORT $1.6 billion, in fact he is not short at all! Buying puts is NOT going SHORT! To short you have to SELL a stock or ETF SHORT!

His actual risk is less than $10 million which just acts as a reminder not to pay any attention to MSM else it will cost you money! Journalists are just that journalists, often they do not know about that which they write especially where the markets are concerned where the name of the game is FEAR SELLS!

This article is excerpted from my extensive analysis Stock Market Correction Counting Down to Nvidia Earnings Bloodbath? that was first made available to Patrons who support my work. So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $5 per month, lock it in now at $5 as this will soon rise to $7 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

Also gain access to my most recent analysis -

• Stock Market Earnings Season Buying Opportunities
• Stock Market Ready to Tumble
• Stock Market Correction Counting Down to Nvidia Earnings Bloodbath?

And gain access to my exclusive to patron's only content such as the How to Really Get Rich series/

Change the Way You THINK! How to Really Get RICH Guide 2023

Here's what you get access to for just $5 per month -

※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on this page and I will also send a short message in case the extensive email does not make it to your inbox.

※Access to my carefully constructed and maintained AI Tech Stocks Portfolio that is updated on an ongoing basis, that includes on going commentary and a comprehensive spreadsheet that features unique innovations such as the remarkably useful EGF's.

※A concise to the point Investing Guide that explains my key strategies and rules

※ Regular content on How to Trade & Invest  incorporated into most articles so as to keep patrons eyes on the big picture and net get too sucked into the noise of price swings.

※ Access to my comprehensive How to Really Get Rich series of articles, clear concise steps that I will seek to update annually and may also eventually form a Patrons only ebook.

※ Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.

※Join our community where I reply to comments and engage with patrons in discussions.

※ I will also keep my Patrons informed of what I am currently working on each month.

※ Influence over my analysis schedule.

My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive at least 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of my analysis which I deem necessary so as to arrive at that which is the most probable market outcome.

For Immediate first access to ahead of the curve analysis as my extensive analysis of the stock market illustrates (Stocks Bear Market Max PAIN - Trend Forecast Analysis to Dec 2023 - Part1), that continues on in the comments section of each posted article, all for just 5 bucks per month which is nothing, if you can't afford 5 bucks for month then what you doing reading this article, 5 bucks is nothing, if someone did what I am doing then I would gladly pay 5 bucks for it! Signup for 1 month for a taste of the depth of analysis that cannot be beat by those charging $100+ per month! I am too cheap! Hence the price for new signup's will soon rise to $7 per month so lock it in now, $5 per month is nothing for what you get access to so at least give it a try, read the comments, see the depth of analysis, you won't be sorry because i do do my best by my patrons, go the extra mile and then some.

S&P

Targeting 4600 Mid Summer 2023 Top followed by correction to below 4150 into October 2023.

Again for immediate access to all my work do consider becoming a Patron by supporting my work for just $5 per month. https://www.patreon.com/Nadeem_Walayat lock it in before it rises to $7 per month for new signup's.

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your trimmed the FOMO to buy the Dip analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.