Chris Money Show: Michael Burry Strikes Again and GAAP Earnings Skepticism

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마이클 버리가 엔비디아 등 칩주 회계(감가상각) 문제를 제기하며 하락 베팅(풋옵션)을 하고 있다고 주장. 발언자는 대형주 엔비디아는 규제·금융권 지원으로 쉽게 무너지지 않으며 시장도 이미 반영했다고 봄. 버리의 주장이 옵션 거래를 위한 것이라고 비판하고 본인도 테슬라 등에 대해 낙관적 발언을 함. 구체적 가격 목표나 기간은 제시되지 않음.

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01. You're listening to the Chris Show. Happy Thanksgiving. It's very nice to see you today. Welcome to the Chris Money Show. We have wonderful things going on. Very liquid pre uh Thanksgiving trading. I think Friday is a 100 p.m. Equity close probably 12. Bond close. You have illquid action. We had peaks right at the morning.

02. We had selling the moment the market open, the cash market at 9:30. We have Michael Bur trying like a madman to really let the markets know that we should be buying his substack because he is going to bring down Nvidia, the largest company in the world. Why would the largest company in the world be, you know, claiming that there's just this and that and this guy is just so out of line with his depreciation issues.

03. Doesn't matter. Um, Nvidia will change the rules to suit them. They're that big. You can't. They're not Enron size. They're much bigger. They've got JP Morgan powers. JP Morgan was able to go into the Silicon Valley banking insurance uh issue and and go ahead and say, "You know what? We're not going to have another 2008.

04. We're going to have an issue where we're going to hold it to maturity and government, you're going to take these off our off our books. If we say that it's held to maturity, it's held to maturity. It's worth what we say it's worth." Be damned the um backed that buildings in San Francisco are being sold for 1/100th of what they were.

05. This would have collapsed the entire system u 2008 style if that were to come to pass. But we don't let that come to pass anymore because JP Morgan sees that happening and says that's not on our books but that's on theirs and that could spread like wildfire. lobbyist to congressman, congressman to law to the Fed, held to maturity.

06. Held to maturity. You're not going to go ahead and cause some run on the banks here. And Michael Bur, you're not going to cause some run on chip stocks because you've got an issue with their accounting work because you know you uh have an understanding of he's got the best understanding of anybody. like he is a more eloquent, you know, there's Tesla, he's Nvidia with the Q on the end like they should be bankrupt or something because of the way that this whole circular thing is going around.

07. We know, we see it. I like that meme guy that put the little the magnet on the back of the Nvidia truck pulling it. Yeah, that's that's going down. uh but there's just too much money. It's too big to fail and the market knows that already and it's already priced that in and says we're going to go ahead and accept these earnings because these are gap earnings.

08. This is the way it works. This is the way of the world. So yeah, there is going to be really amazing uh options trades in here. No question about it. That's what Mike trades. Dr. Bur, he's got puts on Palunteer and Nvidia. He's waiting for those 20% and he'll get out. He'll get out of his delays before it really were to blow up or something like that.

09. He's really just looking for a movement. He's definitely looking for Sorry for my shadow here. Looking for his trades to work. Man, if I can make my trades work just by tweeting some some stuff, I will do that. I try. I do. I mean, I go in there and I say like, "Tesla, the robots going to go up." Yeah.

10. I don't care. I just want my trade to work. We're all capitalists here in this market. We're not guided by anything but self-interest. And and that's the truth of the matter. And you know, he's not some benevolent white knight out here saying that this is depreciation issue and God bless it, America.

11. This isn't the way. You know, they're not they're holding people back from visas and stuff like that. No, he's looking to make his options trade work. He's got no spread. He's got no cushion. as far as we know. And uh now he's not Scion Capital Management registered investment advisor. I'm not PCI, registered investment advisor.

12. We're just out here trying to sink our teeth into the trades and make them work for us so we don't have to go get a real job. Anyway, this is a Chris Money Show. It's a quick update. Sort of. I'm longwinded. I can talk all day about dumb stuff. Hopefully you have a great weekend. Happy Thanksgiving.