What a $500M Bet Against Tesla Means for This Bubble Market

The "smartest guy in the room" is short Tesla. Here's what it means for the market.

What a $500M Bet Against Tesla Means for This Bubble Market Charles Sizemore, Editor, Green Zone Fortunes Unless you hang out with NASA rocket scientists or Nobel Prize winners, I doubt you know anyone smarter than Michael Burry. In case you need a reminder, he’s the eccentric hedge fund manager played by Christian Bale in The Big Short. He was one of the few managers smart enough to not only predict the 2008 meltdown years ahead of time but to bet against it and make a fortune. And who can forget the short squeeze earlier this year that sent GameStop (NYSE: GME) up by a factor of 30 in weeks? Yeah, Burry was way ahead of the crowd on that one too. The “smartest guy in the room’s” firm is holding put options on 800,100 shares of Tesla Inc. (Nasdaq: TSLA), a stock that has enjoyed a huge run-up over the past year or so. What does it mean? Should we be shorting TSLA too? Maybe … but I’m looking at the bigger picture as this bubble market rises higher. Suggested Stories: Biotech Barbell: The Best Way to Invest in a “Risky” Sector The Great Crypto Crash: What to Do After Bitcoin’s 40% Fall FROM OUR PARTNERS These 5 Charts Prove Stocks Will Collapse by 70% According to this rogue economist, five charts prove that the stock market is on the cusp of crashing by 70%, maybe more. See the five charts here. The Bull & The Bear Buy, Hold or Walk Away: AT&T's $43B Move Triggers One Signal Matt Clark, Research Analyst You know those times when you look back at a decision you made and think: Well, it was a good idea at the time. I have to believe this is what has been running through the minds of AT&T Inc. (NYSE: T) management over the last week. The telecom conglomerate announced it was merging its Warner Media assets with Discovery Inc. (Nasdaq: DISCA) — dissolving the $85 billion mega-merger from 2018. Check out The Bull & The Bear to see what Charles Sizemore and I think this means for AT&T’s stock going forward. Suggested Stories: Market Gut Punch: 3 Reminders When Stocks Get Rocky The Fed's Balance Sheet Doesn't Match Its Words FROM OUR PARTNERS America's Tech Boom Gets a $50 Billion Boost From the White House There's a huge shortage already sending shockwaves through U.S. industries… It's not oil, water or a rare-earth metal. It's something that the average American uses for nearly 11 hours a day, every day. A computer chip! Just about everything we come in contact with every day depends on these chips. That's why this semiconductor shortage is a "top and immediate priority" for President Biden. This is all part of a bigger trend we're seeing in the market. And that's great news according to Wall Street legend Ian King. King's research proves that not only will this Great American Tech Boom be bigger than ever … it's barreling down on us faster than anything we've seen before. 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