Trader who predicted 2008 financial crisis bets $1.6bn on market crash by end of 2023

Investor Michael Burry, known for correctly predicting the housing market collapse in 2008, has now bet more than $1.6bn on a Wall Street crash by the end of this year, taking out negative options on the S&P 500 and the Nasdaq 100.

independent.co.uk

Relevant topic timeline:

8/25/2023

'Big Short' Investor Michael Burry Bets $1.6 Billion On A Market Crash — Here Are 3 Investment Opportunities If You Want To Stay Away From Stocks

Michael Burry, the hedge fund manager famous for predicting the U.S. housing bubble, has placed a $1.6 billion bet against the U.S. stock market through put options, indicating his skepticism about the market's future.

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Warren Buffett may be bracing for a recession – and Michael Burry's latest big short is a 'good move,' says top economist Steve Hanke

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