Michael Burry SELLING his All Stocks in this Recession

Michael Burry SELLING his All Stocks in this RecessionShow more

#michaelburry #sellingstocks #recession #michaelburrystocks

Over the past few months Michael Bury has been one of the most talked about investors. Bury isn't afraid to share his thoughts and opinions on the state of the economy on his twitter page interestingly titled Cassandra - a trojan priestess that uttered only true prophecies but was never believed

Recent news from Michael Bury hasn't really had the most optimistic sentiment you've ever heard. Over the past few months he's repeatedly hinted at a monster stock market crash and believes we're really not even in the thick of it yet. However what's even more interesting than his tweets is the fact that Michael Bury being an investor with over 100 million $ in assets under management has to file a 13 F filing every quarter revealing what he's been doing with his own portfolio.

And his most recent 13 F filed a few weeks ago has definitely caught the eye of the investing world. In today's video we'll talk about exactly what Michael Burry has been saying on twitter over the past two weeks and later look into his 13 F filing to see what we can take from it

Michael Bury has been on a tweeting spree talking about how he was right about inflation, how the market was destined to fall off a cliff thanks to the fed's mismanagement and how it's going to get a lot worse than anyone was ever expecting. But over the past few months, the market is up by quite a bit. At the time of writing the S & P 500 is up around 17 % from its low in June. For a lot of doomsday forecasters, this would normally cause them to go back into hibernation but we're seeing none of that from Bury. In fact he is doubling down on his prediction that the stock market is going to get a lot worse repeatedly calling the current market performance a short-term bear market rally.

So, on the 22nd of July Bury noted the similarity and bounces during the tech bubble crash and on the 11th of August he tweeted : "Nasdaq bull market because it's up 20 % off it's low? Who makes this stuff up ? After 2000 the Nasdaq did that seven times as it fell 78 % to its 2002 low

He added to that argument on the 15th of August saying : The S & P 500 completed a 22 % two month rally and the Nasdaq a 43 % rally. The S& P would fall another 42 % and the Nasdaq another 48 % by the bottom post WorldCom in late 2002.

Also in the news clipping he attached to that tweet. This is back on the 22nd May 2001 about a third of the way to the bottom of that crash.

Back then too, people wouldn't believe the crash was coming.

Anyway, it is pretty interesting comparing that sentiment to today because a lot of the news articles at the moment are hinting that the worst is over and we're just back to a bull market. So clearly Michael Bury doesn't think so and interestingly his latest 13 F filing backs up his words.

For those wondering what a 13 F filing is it's simply a filing made by big name money managers 45 days after the end of a quarter and it shows us their stock portfolio at the close of that aforementioned quarter. So all the big names like Warren Buffett and Charlie Munger , all file one and obviously so does Michael Burry. In Q2 Michael Burry's 13 F showed he sold out of literally every single position that he held at the end of Q1.

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