Burry's Back: Is He Actually Right This Time, or Just Screaming Into the Void?
Alright, so Burry's back on X, formerly known as that bird app that Elon torched. "Cassandra Unchained," he's calling himself now. Real subtle, Mike. Real subtle. And of course, he's got a market warning – surprise, surprise. This time it's AI stocks that are supposedly gonna implode. Nvidia, specifically. The stock that's practically printing money. Give me a break.
The Burry-verse: A Retrospective of Doom
The dude's been screaming about bubbles since... well, since he made a killing off the housing market crash. Which, okay, fair play. He saw that one coming, and he deserves all the credit. But let's be real, being right once doesn't make you Nostradamus. Remember when he called the market the "greatest speculative bubble of all time in all things" back in '21? I do. My portfolio doesn't.
And then there's the whole "sometimes the only winning move is not to play" thing. WarGames reference? Seriously? Is he implying the stock market is some kind of un-winnable nuclear standoff? Maybe he's right, but honestly, I'm starting to think the guy just likes the sound of his own doomsday predictions. It's like he wants the world to burn so he can say "I told you so."
Then again, look at Nvidia. Up 1,200% since 2023? That's not normal. That's not sustainable. It's like... like everyone's betting their life savings on a horse that's already halfway through its glue factory arc.
Scion's Moves: Putting His Money Where His Mouth Is?
So, what's Burry doing about it? Well, Michael Burry’s Scion Asset Management Bets Against Nvidia and Palantir - Quiver Quantitative opened put options against Nvidia and Palantir. Okay, that's a start. But they also loaded up on call options in Halliburton and Pfizer. Halliburton? Pfizer? What is this, 2005? Are we going back to war and needing Viagra again?
And get this: they doubled their stake in Lululemon. Lululemon! From shorting tech to yoga pants. What kind of hedge fund strategy is that? I mean, I like yoga pants as much as the next guy, but I'm not betting the farm on 'em. I swear, sometimes I think these guys just throw darts at a board to decide what to invest in.
It's also worth pointing out that Scion closed out all of its option positions from the previous quarter. Lululemon, Meta, ASML, Alibaba – gone. Did he lose faith? Or was it just a quick pump and dump?
The "Cassandra" Act: Is Anyone Actually Listening?
He changed his profile name to "Cassandra Unchained" and updated his bio to "One ready to share what I know." As if we didn't know he was ready to share his "knowledge." The guy's been sharing it for years, whether we wanted it or not.
And the Tulip Mania header image? Please. We get it, Mike. You think the market's irrational. You think everyone's gonna lose their shirts. But maybe, just maybe, this time is different. Maybe AI really is the future, and Nvidia's just leading the charge. Or maybe, just maybe, I'm completely wrong and we're all doomed. It wouldn't be the first time.
offcourse Elon Musk called Burry a "broken clock" back in 2021. And honestly, sometimes it feels like he is. How many times can you cry wolf before people stop listening?
Is This Just Another Doomsday Clickbait?
Look, I ain't saying Burry's wrong. He might be right. But the constant fear-mongering is exhausting. It's like living next door to a guy who's always yelling about the end of the world. Eventually, you just tune him out. So, is he actually right this time? Or is he just screaming into the void, hoping someone will pay attention? Honestly, I'm not sure I even care anymore.
So, What's the Real Story?
Burry's either a genius ahead of the curve, or a broken record who got lucky once. Either way, I'm tired of hearing about it.
