Michael Burry has just announced that he is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission. Burry was one of the first investors to call and profit from the subprime mortgage crisis. Burry, whose firm is Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Burry was depicted in Michael Lewis’ book “The Big Short” and the subsequent Oscar-winning movie of the same name.

@yasarkhan672

3 жыл бұрын

Do you think Michael burry is going to be right again, this time shorting Tesla??

@Heathcz

3 жыл бұрын

He pretty much already is right, his entry was at 800 i think, right now tesla is at double bottom so who knows if it bounces, but if it doesnt we might see it go to 300-400 range imo@@yasarkhan672

@infectionSincross

3 жыл бұрын

wow. so he already earned like 200mil? just betting the prices? crazy men. rich men with money plays money like nothing,. lmao. and here we are getting a couple of bucks hard enough

@fleetleader1013

3 жыл бұрын

Tesla is prolly worth 100 a share without the hype and bs people are throwing into it. Frankly I’m shocked with a flip flopped ceo in charge that investors even trust the projections they are putting out. Endless delays and false promises from upper management, worker complaints piling up, lack of repair support in smaller communities, etc. Now actual car companies like Toyota, Ford, VW, etc are launching their own electric lineups in the next 5 years. Tesla was just too slow to get their stuff to market. They will wind up with decent market share, maybe 2-3%, but idiots are saying they will have 15-20% and paying out for that today are going to get burned over the long run. Tesla has a great battery and charging platform, frankly I think their autopilot is cool and they are way ahead atm on that. But it is not worth 1000 times PE.

@nitinkadyan7191

3 жыл бұрын

Tesla share drop approx 20 percent from its all time high . This gonna be a best trade ever 🔥

This is the American version of "You didn't see any graphite on the ground because it isn't there!"

@ianallison2351

3 жыл бұрын

This comment needs more recognition! Spot on!

@VenerableBede2510

3 жыл бұрын

That’s a great analogy

@JDZeal-gl5le

3 жыл бұрын

Because the U.S. Economy going into a recession for 4 years is somehow even nearly comparable to an event that dispersed 400 times more radioactive material into the Earth's atmosphere than the atomic bomb dropped on Hiroshima, causing 4 million known deaths, and God only knows how undiagnosed instances of unspeakable cancers. The level of "how serious of a thing are you willing to cover up" was orders of magnitude higher in Communist Russia in 1986 than it was on Wall Street in 2008. This comment is a politically motivated insult to the people who died or lost loved ones due to the Chernobyl disaster, to try and suggest that American Culture, even at the height of Capitalist greed, could ever be as corrupt as a Communist regime to the point they would cover up a thermonuclear holocaust. It's not a good analogy, it's thinly veiled political propaganda. Watch Margin Call and replace Kevin Spacey's line "you're going to kill the market for years" with "you're going to kill 4 million people and give 100 million more cancer" and see if the scene is still believable with Jeremy Irons' character still being willing to make that decision just for money. Absurd.

@Eddie_3607

3 жыл бұрын

Loved HBO Max’s Chernobyl. Freaking horrifying.

@kyle7884

2 жыл бұрын

@@JDZeal-gl5le what tf r u even going on about rn lmao

A week before this Jeremy irons, Kevin spacey, demi Moore, and Simon Baker had an interesting meeting at an uncommon hour

@JESUSAGUILAR-mr9ct

3 жыл бұрын

Carmelo, get TK KIRKLAND here by 6!

@antoinemercier6151

3 жыл бұрын

@@JESUSAGUILAR-mr9ct it’s done.

@_darkbrian

3 жыл бұрын

@@antoinemercier6151 Am I getting fired?

@crandy7658

3 жыл бұрын

Holding the biggest pile of excrement in the history of capitalism

@michaelmcdonald4442

3 жыл бұрын

That's spilt milk under the bridge.

The fact that no one went to prison over all this blows my mind. It was the biggest fraud ever perpetrated and in the end the tax payer footed the bill.

Wow, Michael Scott really landed on his feet after he left Dunder Mufflin

@neolex24

2 жыл бұрын

This comment should have more likes lol

@NakedKabukiDancers

2 жыл бұрын

The Michael Scott Paper Company will live in infamy.

@siddheshkhandalkar4498

2 жыл бұрын

Everyone knew how smart he was. His talents weren't used properly in Dunder Mufflin

@Dogcube51

2 жыл бұрын

his brother did not lol

@n.r.8719

2 жыл бұрын

He took ryans advice to heart - "tell the girls at the bars the you work in finance"...micheal decided to step it up a notch from being a teller lmao.

This movie so perfectly depicted how interlinked and in bed all of these so-called independent competitive institutions are even to the point of regulators, the media and the government. Convincing everybody it’s a marketplace, when it functions more like a cartel

@arod077

2 жыл бұрын

The beauty of capitalism. I'm not saying Capitalism is bad, it just needs to be heavily regulated.

@drumyogi9281

2 жыл бұрын

The only thing they didn't discuss is the 'Community Reinvestment Act' which forced the banks to give these loans out. Many politicians called these banks racist for the inequality on how many non white and non asian people were getting denied loans for mortgages. Everyone was guilty from the poor person who thought they deserved a big ass house with no money down and an adjustable rate mortgage to pretty much every institution. The problem was the regulations in place. To deny this is to deny reality.

@bolerkins

2 жыл бұрын

@@drumyogi9281 It was Team effort for sure !

@johncox2284

2 жыл бұрын

I think.we still don't realise how badly we were screwed over by these people. We had a friend who basically lost everything.

I love how Gosling's character is either so crazy or so feared that he can order people out of the bathroom

I loved the exchange with the two douche brokers where Steve Carrell walks back to his guys and asks "Why are they confessing?" and the answer is "They're not confessing, they're bragging".

@Lordbitness

2 жыл бұрын

Those weren’t brokers, they were mortgage lenders at a bank.

They sold him insurance on mortgage bonds then claimed the markets aren’t correlated. That’s amazing. I never would have had the balls to say that.

The Big Short makes The Conjuring feel like a Disney movie. Scariest shit I've ever seen.

@rvhill69

2 жыл бұрын

Wait for it, what coming next make 2008 look like a Disney movie.

My favourite scene from the movie is where Mark Baum said "All these times I've been trying to figure out who I'm betting against and it's morgan stanley, which is me."

This movie is such a masterpiece. I ended up buying it just because I get a kick out of watching it over and over again and seeing how horrible our system was and still is.

"You want me to write a piece saying We're All Fucked?" - Welcome to 2021 where every news story begins with this

it's amazing how this movie can be a comedy, horror movie and a documentary all at the same time

"The Big Short" is probably the best Hollywood film of the 2010's. It follows the path of "All the president's men" or some of Scorsese´s best work.

@jamaaljoseph4275

2 жыл бұрын

Agreed. One of the top 10 films of the 21st Century

“They ARE correlated!”

"Goodbye Kathy". One of my favorite lines in the movie because of how he says it. Cracks me up.

I love that lady trying to explain to Burry "its complicated". He's beyond smarter than her and she's BS'ing him like she would some hobby trader. Also, the reporter putting money over his profession is as real as it gets.

“What did you hear tony”, fucking hilarious.

The Big Short's best scene was in the Florida strip club when the dancer was explaining her balloon payment mortgages on all her rental properties.

This clip fits perfectly with Margin Call

@jakebond2294

3 жыл бұрын

Margin Call being the better movie. Imo.

@wowcnmovie

3 жыл бұрын

Two sides, same story

@Shortysding

3 жыл бұрын

Both are great. Gives one the feels of what really happened. There are other docs too if one is inclined to learn more.

@kylen6430

3 жыл бұрын

@@jakebond2294 margin call had a bit more of a dramatic plot with character arc...but it’s very vague on details surrounding the actual crises. Both are decent movies though

@TheIslandRiders

2 жыл бұрын

watch Inside Job, for the inside & sideline scoop.

Steve Carrell, Ryan Gosling, Christian Bale in one awesome sequence. Great movie and awesome talent

"And Caesar wept for there were no more worlds to conquer" Somethings wrong I can feel it.

The best part is really the scene with the WSJ. How do we have a free and honest press when all they care about is access and their large paychecks?

"DO YOU FEEL IT!?!?!" "no"

"SHANE! SHANE!" Jared is fabulous.

Everything about this film is really great, from the story line to the editing to the acting.

This is about to happen to college education. As in an insider, I can't wait for the college crises to pop!

@WhiteTigressTao

2 жыл бұрын

oooh do tell!

@companymen42

2 жыл бұрын

So if the banks that hold my student loans go bankrupts, I don’t have to pay my loans anymore?

@za1pp

2 жыл бұрын

college is the biggest scam

@patrickcroft2906

2 жыл бұрын

Interesting. What are you seeing? I live in a university town and in those 27 years it appears to me that their mission has shifted from an educational institution to a just a business.

I watched this movie 10 times already it’s a masterpiece, even better after reading the book by Michael Lewis

whoever played Tony is the most underrated actor

I can’t wait to watch a movie about amc and see what these criminals were going through during the squeeze😂

@sdrc92126

3 жыл бұрын

5g/day

@kenaultman7499

3 жыл бұрын

$500k!

@russsnyder2026

3 жыл бұрын

Been holding 300 shares since January!!

@mensmen6970

2 жыл бұрын

“ blame immigrants “

@mayhem1974

2 жыл бұрын

Have you looked at the insider selling this week AMC execs are selling their shares. They will dilute the rest of the retail traders

This is still one of the greatest movies of all time

“I’m jacked to the tits”. Best line in the movie. Makes me laugh every time

"banking establishments are more dangerous than standing armies" - Thomas Jefferson

Remember how we knew all this and are letting them do it again? Good times!

One of the best and most important movies ever made

people don't realize the same thing is happening right now, the big banks are securing net short positions before the central bank will raise interest rates and stop the inflation.

@deonb2331

2 жыл бұрын

okay, how do we secure our positions?

@resonartmedia948

2 жыл бұрын

If interest rates go above 2.5% America becomes insolvent. Rates are going to zero or negative and inflation is going to the moon. You can’t taper a Ponzi, and the US Dollar is the greatest in history. The Fed and US Government is praying it can stem the bleeding long enough to introduce a CBDC so they can reset the Debt to zero by removing dollars from the economy. Every other option available to the Fed destroys America financially.

What I love most about this movie is the constant casino backdrop. The message the director is sending is super clear...the stock market is just one giant casino. I would agree with that characterization for the short term traders and hedge funds but Berkshire-Hathaway proves that owning profitable American businesses is a winning strategy over the long term. As the late John Bogle used to say "invest we must"....i.e. as Americans we have no choice but to put our retirement savings to work in the stock markets. These traders portrayed in the movie are a whole different breed of investor. For them the stock market really is just a giant casino!

Steve carrell should have won an Oscar for his performance.

The feeling in this movie of knowing something for which it seems no one else believes or wants to believe around you to be true and them calling you crazy. And then later proven to be correct and no one wants to talk about how they treated you. It was like living in 2020 and 2021 all over again for me.

I love the zoom in effect that plays when they want us to know who Burry is on the phone to it makes the bankers look so much goofier.

When I first understood this (1987) I quit my stock broker job, that DAY. I didn’t want to go to prison. All these years and it STILL hasn’t changed. Sad.

All in on AMC here! Shout out to Matt Kohls too

@joaquindr6171

3 жыл бұрын

🤡🤡🤡. Belive experts .. it's inflation this time

@joshuadbryson

3 жыл бұрын

All in!

@Sapientiaa

3 жыл бұрын

@@joaquindr6171 what?

@ghostface1621

2 жыл бұрын

All in

@itzmef0sh0

2 жыл бұрын

Damn man, good call. Enjoy your profits

Missing the scene where Mark asks a question even though it isn't yet time for questions + the scene where he has dinner with one of the brokers and comes back to his table "Short everything that guy has ever touched".... The movie is insanely good imho.

Error at 4:25. Caesar didn't weep because there were no more worlds to conquer. Alexander the Great did that. Caesar wept because at 33, he'd reached the age when Alexander did that w/o achieving anything remotely as significant & Caesar knew that he never would.

Just think how amazing the movie will be about this bubble.

The best scene for me was was with the CDO Manager. I couldn't stop laughing how screwed up dumb money is.

By far one of the most underrated movies around

I'm all in in AMC my dad lost his motorcycle shop because the whole economy went down, I will never forget the day we closed, this is my revenge 💎💎💎💎 ...

@grahamm5789

2 жыл бұрын

sell now

@scottrastovic3170

2 жыл бұрын

👏👏👏 we're going to win, my fellow 🦍. 900 shares at 12.01, I'm all in with you. People who thought yesterday was a loss either just got in or didnt do their Homework

@jmitterii2

2 жыл бұрын

They're (the margin traders) are playing you as suckers. You haven't a clue what you fucking doing. They know that. They're spoon feeding you a line of bullshit so you never sell. They will at every pump they 10x margin trade ladder up and fib retracement .78, they'll let spot traders like you buy and prop prices, shorters are scared and nascent to pressure the trade, like upward bound BTC Jan to Feb. They're pumping this stuff up... pushed a gamma squeeze on the market makers who produce and offer options contracts. That just happened at $73... these market makers are looking to get even, they purchased plenty and haven't sold, instead they're trying to garner money back in feigning another gamma squeeze to $145 strike price getting lots of positions to buy into it; they have more than enough stocks on hand to fill any interest volume they've produced this time. There will be no gamma squeeze to $145 by those guys. Now, its margin traders, seeing how long they can keep selling into supported prices and propped up prices from extended trading by morons buying in at high prices after market. If you don't look whats going on and take profits and stop being the useful idiot, you're only following the herd of stupid. These parasites fester on that. Please for the love of all you hate, these shit sucker fuckers, STOP being the useful idiot. Take profits and walk away from this crazy train, or at least get wise to their shit. Get a TPO data feed chart to see these longers in action. Similar to Exocharts.com for BTC to see trade size (when various size orders from the biggest $1 million plus trade whales to small levels to the every day minnows) open a long or short. If you haven't started taking profits. Do so now. You only have a few weeks left. IF they fuck us over, we the fucking working shits... I'll take up hunting. Going hunting this time. Unless I've dropped kick this shitty country in the ass and left it by then. Which might be the case. Please be careful and look into what you're doing. I think they're fucking with you all. Someone has found a means to have useful idiots. Last time it was bankers and real-estate and hoodwinking son's of fucks on tv provoking people to get into the real-estate business, buy a house for a rental or this or that... lever your fucker tits up on an introductory mortgage payment free for a year payment plan that goes variable after; no down no nothing. Just sign on the dotted fucking line you useful idiot... with a wink and snicker, you made them a fortune, and found yourself bankrupt a few years later. Don't let it happen again. Please. For your own sake.

@notfromthisworld7558

2 жыл бұрын

I am with you brother get your revenge

@gremate

2 жыл бұрын

@@jmitterii2 Wow how much coke did you do when you wrote this crap?

The lawyers sitting around the desk shitting themselves after having laughed at Burry earlier in the film. Losing at their own game

Greatest movie ever; the whole spectrum of real human nature jammed into one movie.

Seen and liked the movie a lot. Liked also the fact that the movie explained what was going on. The take away for me was that bankers often intentionally speak in goobly goop or lie outright. A little scary. CBS' 60 Minutes had a couple of spots that said essentially the same thing, more scary. So do your homework, due diligence then? With the understanding that you can still be wrong.

ryan gosling kicking everyone out that restroom was the best part of the movie

@thomasbrown7328

2 жыл бұрын

It seemed strange he could kick people out…. Was he really big in the company? He’d said earlier they called him Chicken Little as in they didn’t respect him.

Brilliant little film. Excellent performances and direction across the board. If you haven't seen The Big Short, I envy you - I'd love to forget it and watch it over again.

2:50 "who wouldn't publish it?" well... @CNBC apparently.

I like when the ratings agency lady had literal blinders on.

Great film. Adam McKay is a genius.

Damn now I want to watch the whole movie again!

Up there with greatest movies of all time...

5:00 this is gonna be me when amc/gme squeeze 😂

@JuanSanchez-ej7pb

2 жыл бұрын

Oh no. Sorry dude.

fascinating post Dunder-Miflin career

It's funny I'm not even a financial expert and if I called my mom and told her the economy was about to crash she would believe me and follow my instructions to the letter.

this'll happen to AMC and GME the same way. It'll happen on a day we least expected it to happen. EVERY APE: "IT'S HAPPENING"

@danmurphy257

3 жыл бұрын

Burry got in early on GME, made a bunch, and has already exited

@Michael-bv9go

3 жыл бұрын

@@danmurphy257 and that was foolish of him

@HemSCC

3 жыл бұрын

Yet he made more than you could even dream of??? How’s that foolish

@AHouse181

3 жыл бұрын

@@danmurphy257 he exited at 12 bucks mate

3 Letters: AMC

"Hell is empty and all the devils are here"

All this has happened before and will happen again.

@doodlez2439

3 жыл бұрын

already happening ask around your town in new home owners getting loans on literally 0 down payment and cost of cover for paperwork covered

@sugadaddy7050

3 жыл бұрын

It's happening now...

@kevinquinn7645

3 жыл бұрын

So say we all.

@zoidberg444

3 жыл бұрын

So say we all.

@gourami7

3 жыл бұрын

Because human nature never changes Too many vet caught in media hype and think markets only go one way..

Amc $500k 🦍🚀💎🙌

Margin Call - a very good movie - was about the selling of toxic assets mentioned in this clip.

The delivery of "Bye Kathyyy!" is so great

The nokia tune is iconic

Did Charlie and Jamie really think a major publication would print this? There's no way the editor would let this story see the light of day, and if he or she did they would be fired immediately.

2:40 this scene is the spiritual cross over event for the Margin Call movie.

One of my favorite movies of all time.

5:14……despite the bleak and dreadful demeanor of the reason he’s so jacked up….the comedic relief of this scene is perfect.

EUREEKA!! At the three minute and 16 second mark, he mentions the Margin Call story. Wonderful tie-in

It's funny how much respect this movie and the general public gave to the Wall Street Journal back in the day, and now I hold them with the same regard as TMZ. lol.

I've seen this movie so many times and only just now understand the steps the banks took to get out of the mess they created.

I guess the next movie will be called the Big Squeeze :D

Can’t wait for the sequel

This movie made me think that I'd be really into finance, however, after a semester in an introductory course, I have to say, it's not nearly this fun lol

What should be noted is that even though Michael Burry called the market correctly the major banks were able to skew the futures market sufficiently to effectively destroy his business. When he was finally paid out and came good he was fighting numerous lawsuits with his investors (who believed the lies of the major banks) so much so that even as he paid out his investors his underlying business was toast.

Ryan Gosling is pure gold in this movie... "Shane?...... SHHane!?...... SHANE!!??..... *FLUSH* What'd you hear, Tony?!"

4:19 “who got the remittance data early? I bet it was Goldman. Enter movie “Margin Call” lol

I can feel it coming in the air tonight, oh lord... 🎵

That whistle reminds me off that old man Julie whistle on Wall Street Money Never Sleeps LOL

I absolutely love this movie. It’s almost a decade old & the same shit is still going in via central bankers.

Looking forward to the sequel after 2021!

You know you're a legendary trader when A-listers depict you in a drama...

Another good movie along the lines of Big Short and Margin Call is Too Big to Fail on HBO. It's a step down from those two gems, but still quite good.

2:56 "Robert Redford!" Good reference.

One of the most criminally (pun intended) underrated movies.

One correction to the title: It should be “This is 6:13 of great scenes in a movie full of great scenes”.

Wow. Looks like a great movie. I would love to be able to follow that issue.

Steve Carell was absolutely brilliant in this movie.

History repeats itself .House market was to crash last year the government can't keep saving mortgage owners from defaulting payments .

@jfkst1

3 жыл бұрын

You're ignorant of history if you think 2008 mortgage crisis is the same as our current housing boom.

@KMcNally117

3 жыл бұрын

Based on what? Care to elaborate?

@brianandmarley10

3 жыл бұрын

It won’t be the housing market this time. That’s what people expect . They wish it would happen because they beat themselves up for not taking advantage of it when it did happen. It’s usually something different with these recessions.

History is about to repeat itself on a much larger scale.

Ok. Today, 3/10/2023, here we go again!!!

It’s interesting how each of all the other characters represent a specific sector. Brown Capitals friend represents the complacency of the business media.

5:28 Michael Scott look at the camera

“I think you have already said it.” almost as cold as when Bane said “Oh.. You think darkness is your ally?”