Big Short’s Michael Burry Is Betting On These 11 Stocks

Big Short’s Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. Click to skip ahead and see Michael Burry’s Top 5 Stock Picks.

Scion Asset Management chief Michael Burry, who is famous for his billion-dollar bet on the US housing crash in 2008, warned investors of the potential stock market crash ahead. The Big Short claims that the speculative market environment and trader’s strategy of using borrowed money for betting on stocks have pushed the market into a dangerous spot. “The market is dancing on a knife’s edge,” Burry said in a tweet. Burry says Wall Street has previously ignored his warnings on the housing bubble and no one is listening now. “People say I didn’t warn last time,” he said. “I did, but no one listened. So I warn this time. And still, no one listens. But I will have proof I warned.”

Before moving on to Michael Burry’s top 11 stocks for 2021, let’s briefly review Big Short’s overall portfolio adjustments in the fourth quarter.

Although Scion Asset Management missed GameStop’s (NYSE: GME) Reddit-related bull-run in 2021, Big Short still earned $270 million from its video gaming retailer bet. The hedge fund has sold out the entire GameStop stake during the fourth quarter.

Source: Yahoo Finance
https://finance.yahoo.com/news/big-short-michael-burry-betting-211916843.html

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