Michael Burry Just Revealed He’s Bullish On Fannie And Freddie, Should You Be Too?

The Biggest of Short investors (even though he’s 5’8″), Michael Burry just dropped another bombshell in his Cassandra Unchained newsletter, revealing that he own large positions in Fannie Mae and Freddie Mac expecting them to rally with IPOs in the near future.

Now, the identities of these mystery individuals have not been revealed, nor is it clear exactly how Burry can have a position on two human beings but heck, if Burry says double down on two randos, I’m doubling down.

My guess is that Fannie and Freddie are distant relations of Burry? Maybe like, third cousins who needed a leg up from their financier uncle and he was like, “Yeah, sure F&F [that’s what he calls them] I’ll just give you a shout out on my newsletter and then you’ll be famous and rich and that’ll make up for your unfortunate names.”

Freddie? Maxed. Fannie? Maybe. Burry? Better Hurry! …what?

Oh.

Oh wait.

Oh wait, now hold on a minute.

Maybe I should have googled Fannie and Freddie before writing this.

Ok, turns out the two people names are actually names of companies. How was I supposed to know that?

Fannie Mae is the Federal Nation Mortgage Association and it’s a publicly traded company?? What are you talking about? WHY DOES IT HAVE A HUMAN NAME??? We don’t call the United States Postal Service ‘Usain Potter’ that would be usain.

Either every federal organization gets a cutesy-poo name or none do.

Hell, ‘Federal Home Loan Mortgage Corporation? FHLMC? That doesn’t even look like Freddie Mac!

What is going on?

I can’t even find an explanation for why they’re called this. Wait, FANNIE IS THE LARGEST COMPANY IN THE US? IT’S WORTH $4.3 TRILLION DOLLARS???? WTF IS GOING ON!!

Ok, I’m sorry, I need to go, I’m having a meltdown over this. This finance writer has just discovered the financial sector. I’m going to puke.

Michael Burry Just Made His Latest Market Prediction And It’s Not Good

The Cassandra of our times, Michael ‘The Big Short’ Burry, just made a slew of apocaly...

Stonks

US Banks Just Had The Biggest Cash Injection Since The Dot Com Bubble: Here’s 5 Reasons To Panic

So the Federal Reserve (you know, the money guys?), they just pumped $13.5 billion into U....

Stonks

Silver Hits New ATH, Is It The New Gold?

Not content with an eternity in second place, silver has finally had a bigger rally than g...

Stonks

Latest news