BREAKING 🚨: Michael Burry just shorted the market with $1.6B Bought $890M of $SPY Puts Bought $740M of $QQQ Puts This now makes up 93% of his entire portfolio Look out below. - The Great Awakening - Where We Go Qne, We Go All!

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BREAKING 🚨: Michael Burry just shorted the market with $1.6B Bought $890M of $SPY Puts Bought $740M of $QQQ Puts This now makes up 93% of his entire portfolio Look out below. (twitter.com)

posted 1 year ago by CoolAsACucumber 1 year ago by CoolAsACucumber +207 / -0

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– CherokeePede 1 point 1 year ago +1 / -0

If it collapses that bad who would be leftto pay him what he is due? Again, financially illiterate here.

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– CoolAsACucumber [S] 1 point 1 year ago +1 / -0

If he shorted the market, that means he borrowed shares of the market indexes and sold them immediately in anticipation of the price going lower in the future. If the stock market crashes, he can buy them up for cheap and make profit.

However I'm not exactly sure if he did this because if it's leveraged then it'll be more complicated than this.

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