Burry has nearly 30% of his portfolio in financial stocks. One is already defunct, two more are on their way to zero (PACW, WAL). Both on my "imploding banks" chart list.
He also owns Crap One and Wells Fargo.
The "smart money" is now betting with the dumb money. pic.twitter.com/QXKVZBpu3A
— Mac10 (@SuburbanDrone) May 15, 2023
Mr. Big Short said "sell" at the February top.
Then he bought First Republic in March, which collapsed a further -95%.
Magically, Zerohedge was "right" the whole time, aside from not predicting a bank run. https://t.co/mpTdj1eOpn
Only paper traders have that much luck. pic.twitter.com/pigIAnCfch
— Mac10 (@SuburbanDrone) May 15, 2023
Stock market volume and volatility have collapsed.
Everyone can see what they want in this market.
Until it explodes. pic.twitter.com/QSRbBnQbX7
— Mac10 (@SuburbanDrone) May 15, 2023