“Big Short” guy sells all his stocks

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Tesla is now the number one selling new car in California. Not just number one for EV cars. Number one car. There is a long waiting list to get one. Used Tesla cars sell for more than new ones right now because you can get one right away. It's crazy. Just saying.

Not just that but Tesla got a head start on selling credits and setting up charging stations. I hate Musk and would not by a Tesla (nor do I own the stock) but if you think Tesla is just a car company, you are completely wrong.

It still doesn’t mean it will be a dominant or profits business; this isn’t a software company. It shouldn’t be priced like one.

And don’t get all excited about their solar projects, that was just bailing out his brother

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Tesla is now the number one selling new car in California. Not just number one for EV cars. Number one car. There is a long waiting list to get one. Used Tesla cars sell for more than new ones right now because you can get one right away. It's crazy. Just saying.

Not just that but Tesla got a head start on selling credits and setting up charging stations. I hate Musk and would not by a Tesla (nor do I own the stock) but if you think Tesla is just a car company, you are completely wrong.

It still doesn’t mean it will be a dominant or profits business; this isn’t a software company. It shouldn’t be priced like one.

And don’t get all excited about their solar projects, that was just bailing out his brother

Sorry. Cousins. https://www.bloomberg.com/news/articles/2021-07-14/musk-s-brother-said-he-wasn-t-aware-elon-pushed-solarcity-deal

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:eggs were 5.60 today. butter over 5, as well.

Where do you shop? They're over $12 at Whole Foods. But I buy eggs at Trader Joe's, where they're only $3.50. Cage-free and all.

Who TF would pay $12 for a dozen eggs. That’s just insane.

I buy large brown eggs at Whole Foods every week for $3.50.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All the right wing nuts are sad because the economy is improving and inflation is mitigating.

Not endorsing the source in the link but I don't think it's all roses and sunshine. The labor market is still very tight and I don't think inflation is going to recede as quickly as the markets think it will nor do I think the fed is going to be cutting rates early next year, both of which seem to be priced into the market.

Couldn't disagree more about a future rate cut being priced into the market. It's accepted wisdom now that rates are on their way up for a while to come. Not sure why a "tight labor market" is being spun as a negative thing - low unemployment is good. A correction on Wall Street that doesn't decimate Main Street is fine by me.

100% wrong. The markets have priced in the Fed pivot that is *supposed* to come earlier now than was previously expected. PP is correct. NASDAQ doesn't pump 20% for over a month straight without a reason. The reason is that the pivot has been priced into the market.

The stock market is NOT the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All the right wing nuts are sad because the economy is improving and inflation is mitigating.

Not endorsing the source in the link but I don't think it's all roses and sunshine. The labor market is still very tight and I don't think inflation is going to recede as quickly as the markets think it will nor do I think the fed is going to be cutting rates early next year, both of which seem to be priced into the market.

Couldn't disagree more about a future rate cut being priced into the market. It's accepted wisdom now that rates are on their way up for a while to come. Not sure why a "tight labor market" is being spun as a negative thing - low unemployment is good. A correction on Wall Street that doesn't decimate Main Street is fine by me.

100% wrong. The markets have priced in the Fed pivot that is *supposed* to come earlier now than was previously expected. PP is correct. NASDAQ doesn't pump 20% for over a month straight without a reason. The reason is that the pivot has been priced into the market.

The stock market is NOT the economy.

You are dumb.

We are talking about the stock market ITT. The market is forward looking and had priced in a fed pivot. That's why it has pumped for over a month straight. Interest rate cuts have already been priced in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:eggs were 5.60 today. butter over 5, as well.

Where do you shop? They're over $12 at Whole Foods. But I buy eggs at Trader Joe's, where they're only $3.50. Cage-free and all.

Who TF would pay $12 for a dozen eggs. That’s just insane.

I buy large brown eggs at Whole Foods every week for $3.50.

Perhaps PP is being scammed all the time, and happens to be the mark for a lot of grocery long cons.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Serious investors don't get their news from Breitbart. Hell, serious people don't get news from Breitbart.

Not sure why you care so much about the source. Either he dumped the stocks or he didn’t. Multiple sources say he dumped the stocks, including Bloomberg. https://www.bloomberg.com/news/articles/2022-08-15/burry-s-scion-hedge-fund-cuts-long-us-stock-holdings-to-just-one

His 13fs say he dumped all but one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Just a PSA for serious investors not a endorsement

https://www.breitbart.com/economy/2022/08/16/big-shorts-michael-burry-dumps-all-his-stocks/

This is the guy who started shorting Tesla in December 2020, right? How'd that work out for him?

TSLA is completely irrational and field by a CULT. Hard to predict but it’s PE ratio is nuts.

Ok. He was still wrong to short it at that time. The market can be irrational. How does he know it won’t be irrational again?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Just a PSA for serious investors not a endorsement

https://www.breitbart.com/economy/2022/08/16/big-shorts-michael-burry-dumps-all-his-stocks/

This is the guy who started shorting Tesla in December 2020, right? How'd that work out for him?

TSLA is completely irrational and field by a CULT. Hard to predict but it’s PE ratio is nuts.

Ok. He was still wrong to short it at that time. The market can be irrational. How does he know it won’t be irrational again?

That’s the whole point. This guy - and no one -can predict the ‘shorter term’ irrational market swings. Took him years to build the short against RMBS and related CDS and there was a fundamental flaw w/ the securities there. But individual stocks or specific sectors? They can be ‘irrational’ for a long time and he can’t predict when that will reverse (if ever).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All the right wing nuts are sad because the economy is improving and inflation is mitigating.

Not endorsing the source in the link but I don't think it's all roses and sunshine. The labor market is still very tight and I don't think inflation is going to recede as quickly as the markets think it will nor do I think the fed is going to be cutting rates early next year, both of which seem to be priced into the market.

Couldn't disagree more about a future rate cut being priced into the market. It's accepted wisdom now that rates are on their way up for a while to come. Not sure why a "tight labor market" is being spun as a negative thing - low unemployment is good. A correction on Wall Street that doesn't decimate Main Street is fine by me.

100% wrong. The markets have priced in the Fed pivot that is *supposed* to come earlier now than was previously expected. PP is correct. NASDAQ doesn't pump 20% for over a month straight without a reason. The reason is that the pivot has been priced into the market.

The stock market is NOT the economy.

You are dumb.

We are talking about the stock market ITT. The market is forward looking and had priced in a fed pivot. That's why it has pumped for over a month straight. Interest rate cuts have already been priced in.

I'll assume I got you on a bad day because you seem to be on edge of a major breakdown. Get help.

I'll say it again, the stock market is NOT the economy and anyone who believes otherwise is probably a giddy retail investor.