Burry's 2022 Market Bets Fizzle Out After Bold Crash Calls
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Michael Burry made several bearish stock market predictions in 2022 that never came true, including calling for "the mother of all crashes" and saying the Silicon Valley Bank crisis could be "our Enron."
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After admitting in March that he was "wrong" in urging investors to "sell," Burry has gone quiet on social media and deleted his old posts.
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Securities filings revealed Burry bought options betting against the S&P 500 and Nasdaq for at least 6 months starting in April 2022. Both indexes saw strong gains in 2023.
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Burry bet against semiconductor stocks and Tesla in 2022. The semiconductor index gained 50% while Tesla surged to over $380 per share by year's end after Burry said he was shorting it around $240.
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Some speculate Burry's silence in recent months indicates his bearish bets didn't pan out last year. He did make some money on troubled bank stocks.