🌟Spirit Within Guides, Divine, Eternal Being having a human experience ♥️ Patriot God bless 🇺🇸 Jesus Christ 💞 Unconditional Love🐾 🐾
💥 STOCK MARKET CRASH 💥
Michael Burry, of 'Big Short' fame, just bet $1.6 billion on a stock market crash | CNN Business
Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.
Getting out of regional banks and China
Burry’s fund is also getting out of its shares in a number of regional banks – it sold its 150,000 shares of First Republic Bank (FRC) as well as holdings in Huntington Bank PacWest (PACW) and Western Alliance (WAL). It’s unclear whether these sales took place before or after JPMorgan Chase took over First Republic Bank (FRC) in May. Burry also reversed course on Chinese stocks – selling his shares of JD.com (JD) and Alibaba (BABA) in the second quarter of the year.
https://www.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html
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Warren Buffett's Berkshire Hathaway sells $8 billion worth of stock in June quarter: Report
Berkshire Hathaway's second-quarter earnings showed that the company sold close to $13 billion worth of shares and bought less than $5 billion during the period. 👀 of course he did!
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https://www.livemint.com/market/stock-market-news/warren-buffetts-berkshire-hathaway-sells-8-billion-worth-of-stock-in-june-quarter-report-11692248784531.html
Other news, the “Big Short" investor Michael Burry had earlier triggered speculation of a market crash when his Scion Asset Management, bought $866 million in put options against a fund that tracks the S&P 500, and $739 million in put options against a fund that tracks the Nasdaq 100 during the second quarter.
https://www.livemint.com/market/famous-for-big-short-michael-burry-bought-bearish-options-against-s-p-500-nasdaq-100-report-11692092206023.html
