Market is so fake and manipulated that I no longer have any interest in investing in it. Like always for decades now it is a transfer to the wealthy system.
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My plan is to stay invested until dividends hit in December, and then I'm going to evaluate moving my investments into a money market or bonds. Amazon's numbers show that consumers are still buying, and my assumption is that consumer spending will hold off the pop for now.
I 100% expect a massive crash, and when it's just seven companies propping up an entire economy, the pop is going to be very bad. I'd rather lose a little value in the short term than have my portfolio drop to a calamitous degree and have to wait 5-10 years for it to recover.
*not a FA, just my personal plan
I stopped putting money into us equities and started to put them in purely international index funds. I havent sold anything though.
I may be wrong but i thought this guy was not at all a respected investor and only made 1 good trade. So his opinion is kinda worthless.
TBF, an investor could make a thousand good investments and I'd still regard their opinion as worthless (here's lookin' at you, Buffet.) Being "good" at figuring out which stocks and companies you can exploit the most from the actually productive economy doesn't make you smart or in anyway good.
his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir (...) Palantir’s market cap is also up over 150 percent year-to-date. Its current valuation is upwards of 200 times its forward earnings, spreading fears that it may be grossly overvalued.
He knows which one is more likely to get really fucked in this bubble and it's not the shovel seller
Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse.
Can we assume his puts aren't for 2026, but at least 2028 or later?
As CNN points out, Burry’s track record isn’t perfect. For instance, he called in January 2023 to “sell” in a now infamous tweet
Something something irrational solvent something
Palantir CEO Alex Karp: "The two companies he’s shorting are the ones making all the money,"
One of the companies is making all the money and it's not Palantir.