The market can't crash until Michael Burry gives up on being bearish

Big banks, hedge funds, market makers, and other large institutions have it out for Michael Burry ever since the aftermath of the 2008 crash. No, Burry wasn't responsible for the crash. But by predicting the crash and successfully profiting off the crash, he did make an embarrassment of the greedy institutions that did cause the crash with their reckless behaviour during the crisis.

This is why every time Burry acts bearish, the market pumps. Big institutions pour billions into pumping the market simply to make an embarrassment out of Burry. They want revenge.

If you're wondering why the market is greener than Shrek today despite the bad news with the US bombing Iran again, it's because Burry made a bear post on the weekend.

https://preview.redd.it/t81wyfy2zi3h1.png?width=636&format=png&auto=webp&s=4175af7f9c891f67112049c6cba0c3c02347d4d6

He posted this on Sunday, and because of that, market makers and big banks had to make an example out of him by pumping semiconductors today.

"But wait, isn't Burry always early?" you might say. He was early in predicting the 2008 crisis after all as he began to prepare in 2005. Unfortunately, being early with options is the same thing as being wrong. Michael Burry on his paid substack started sharing his trades live in early April with his followers so that they could follow him precisely on his market timing.

https://preview.redd.it/10fq4hjxzi3h1.png?width=645&format=png&auto=webp&s=c574e4461077f4c927ef6019c21e217d044984ce

Following the beginning of the trade alerts, he disclosed a direct short position on TSLA and puts on semiconductors. If you followed these trades when he announced them, you would be deep in the red as we all know that the market rallied massively through April-May as the market had bottomed out shortly before he took these bearish positions. He himself holds NVDA 100 P expiring Jan 2027. It is not looking good.

The media says that the stunning rally, one of the biggest rallies in history, was seemingly driven by hopes to end the Iran war and the bullish run on semiconductors which makes little sense. We all know that the nothing has changed with the Iran war (when was the last time a middle east war started by the americans ended quickly)? Doesn't everybody else also know that memory and semis are cyclical? Isn't AI a bubble?

The answer for the rally is because Michael Burry took these bear positions and the big money needed to humiliate him.

https://preview.redd.it/gyu3ijvb1j3h1.png?width=1200&format=png&auto=webp&s=ee64df0ca11318d49d839e2d19f435a7e93666b2

We also all remember Michael Burry's famous sell tweet in 2023, which preceded a massive bull run and recovery from the 2022 bear market. Again, why did this happen? Burry himself claims that this tweet was because of the banking crisis in 2023, which happened to be resolved faster than he had expected. But again, it was because big money had worked hard to prove him wrong.

Today, he has made another bear post.

https://preview.redd.it/l4ufid1t1j3h1.png?width=686&format=png&auto=webp&s=9fd2748f4c8ba3dbbb4e55a261bf8436bdb1455f

But he himself hasn't given up yet. So expect face ripping green for the meantime.