Michael Burry first tweet in years... It's going to burst.
(media.scored.co)
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They fired employees because AI replaced said employees. Now the layoffs is because AI stocks will crash? makes no sense
That's what they told everybody. However, historically companies get rid of employees to clean up their balance sheets. It just happens that lie helps big tech by pumping the bubble thus making easy cash from clueless investors.
I agree. I doubt very much that AI is replacing masses of White Collar roles at Amazon, etc.
interesting. whats the best play here to make money then?
If you average what Burry, u/no_ez, and I am saying the best play is not to play. Everything is overpriced. Even if you buy commodities futures that will be the foundation of a recovery you might lose. Save what you have in gold or CHF, the USD, EUR, and GBP are going to tank. Wait for the bounce back tipping point before you start buying again. But that could be one or even two years away from the crash.
When i see a marketwide crash again,like in 2020, i’m doing yolo options puts on dow & s&p.
Holding pattern until then, big dawg. Berkshire Hathaway is selling everything and holding cash… i think they’re just sitting and waiting for the crash… to gobble up everything for pennies on the $
so we have to sit back and watch nvidia hit 300-400 while waiting for the crash? haha tough
what about crypto?