Warren Buffett, Michael Burry Waiting For Stock-Market Crash, 'Rich Dad Poor Dad' Author Says
Portfolio Pulse from Benzinga Neuro
Robert Kiyosaki, author of 'Rich Dad Poor Dad', claims that Warren Buffett and Michael Burry are preparing for a potential stock market crash. Buffett's Berkshire Hathaway recently sold a net of $8 billion of stocks, increasing its total cash and Treasurys to a near-record $147 billion. Michael Burry's Scion Asset Management disclosed bearish put options on the SPDR S&P 500 ETF Trust and Invesco QQQ Trust.
August 17, 2023 | 7:07 am
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Berkshire Hathaway recently sold a net of $8 billion of stocks, increasing its total cash and Treasurys to a near-record $147 billion.
The sale of a significant amount of stocks by Berkshire Hathaway indicates a potential anticipation of a market downturn. This could negatively impact the company's short-term stock price as it signals a lack of confidence in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Michael Burry's Scion Asset Management disclosed bearish put options on the Invesco QQQ Trust.
Burry's bearish position on the Invesco QQQ Trust indicates a prediction of a market downturn. This could negatively impact the ETF's short-term price as it signals a lack of confidence in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Michael Burry's Scion Asset Management disclosed bearish put options on the SPDR S&P 500 ETF Trust.
Burry's bearish position on the SPDR S&P 500 ETF Trust indicates a prediction of a market downturn. This could negatively impact the ETF's short-term price as it signals a lack of confidence in the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80