His predicting the big collapse of Wall Street and put a $1.6 billion bet that this is going to happen. The famous “Big Short” movie says it clear that we are starting to be scared about the upcoming future event after his new prediction.

His bet against the S&P 500 and Nasdaq 100 downturn will make many investors worried. The more interesting thing is that Michael Burry bets more than 90% of his portfolio according to the information we have.

After all Burry’s fund is also getting out its shares in numerous regional banks like First Republic Bank that was bought by JPMorgan Chase in May this year. We see one big player like JPMorgan Chase whose investments are huge and who by the predicting will lose a lot in the worst-case scenario.

However, the sales start to worry investors around the world and this will affect the economy so the inflation is getting worse.

We hope that his prediction will not come true, if so the global economy market will collapse end we are going into deep recession and depression.

Our recommendation is that investors and many other have a look at bestseller “The Big Short“.