The first figure shows how Michael Burry could be right about Apple stock.

It’s wire image.

Apple stock: what analysts think of market correction

Michael Burry is shorting Apple.

The hedge fund had 206,000 put options on Apple shares. Apple is no longer the world’s most valuable company as it has recently lost its top position to Saudi Aramco. At the same time that it INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals

Last year, the Big Short character made the news for revealing a $530 million short position inTesla. The hedge fund manager said that he thought the options bets were asymmetric and that the media was off by orders of magnitude.

Why is burry bearish apple so strange?

There is no more information about Mr. Burry’s ideas for the Apple short. He believes that the market is in the biggest speculative bubble of all time and of all things.

Figure 2 shows Michael Burry’s old account.

It’s on the social media site. It’s on the social networking site.

The investor seemed to believe that the S&P 500 had rebounded too early from the COVID-19 crash, according to a deleted account by Mr. Burry. Mr. Burry thinks that the index could fall to 1,862 points in the next few years.

This may be where Apple will play. The company is included in the S&P 500 and the tech-rich Nasdaq 100. It makes up around 7% and 13% of the two indices. It’s hard to imagine Apple sidestepping the plunge.

Apple is quite sensitive to market movements. Apple stock price could be expected to move 20% more than the S&P 500 in either direction, considering a history of +1.2.

If the broad index goes down, Apple often sinks along with it, but digs even deeper. There have been four bear and quasi-bear markets since the 2000s.

In the early 2000s, the S&P 500 fell as much as 47%.
The S&P 500 lost more than half of its value during the financial crisis.
The S&P 500 fell by 19.8% in Q4’18.
The S&P 500 dipped 34% in 2020 and AAPL did better.

Could burry be right?

Michael Burry has a good track record of anticipating crashes. There could be cat bounces in the US market today, but they should be short-lived.

The last 10 years in the S&P 500 have been similar to the decade leading up to the dot.com bubble crash in the early 2000s and the decade leading up to the 1929 meltdown, according to the author.

This could be dangerous, as Burry is betting against a tech giant that has managed to stand out despite the challenges. In the most recent earnings report, Apple showed growth on top of last year’s exceptional results.

A 2.0 version of the dot.com bubble is not necessarily around the corner according to one of the main Apple bulls on Wall Street. This year’s tech-driven bear market should split the sector into clear haves and have-nots, he believes. In his opinion, Apple is among the winners.

With Apple being his top pick, the strongest tech companies should emerge even stronger from the current cycle. “These are the times you have to stress test, look at the basics and pick your winners,” says Dan.

A similar opinion may be shared by WarrenBuffett. Even though it has 42% of its portfolio allocated to Apple, it remains bullish. The Big Short celebrity investor may have the last laugh, because the oracle of Omaha is not.

Ask on social media.

The man who became famous for his historic bet against sub-prime in the 2000s has placed a bet against Apple. In the first quarter of the year, Warren Buffet’s company bought more of AAPL. Who do you think will be right by the end of the decade?

There is more data and graphs to explore.

Stock Rover provides many of the graphs used by the Apple Maven. This platform provides a lot of information on markets, stocks and exchange traded funds. Stock Rover can help to set up detailed filters, track custom portfolios and measure their performance relative to a number of benchmarks.

You can get started for as low as $7.99 a month with stockrover.com. The premium plus plan will give you access to all the data that goes into our analysis.

This is not investment advice, it’s not. The author might be long one or more stocks. The article may have links. Editorial content is not affected by these partnerships. Thanks for your support of Apple.