Famed investor Michael Burry bets $1.6B against the market! Here's what you need to know.
Michael Burry, the famous investor who shorted the housing market in 2007, is back at it again with a major bet against the US markets.
We know this because according to his fund's most recent filing, Dr. Burry bought $886M of SPY puts and $738M of QQQ puts.
Therefore if Michael Burry is massively short the market, should we be worried?