Ima Short | Wall Street Memes

Why are the only pictures of Burry from the Big Short premiere?

Michael Burry, the famous investor who correctly called the 2008 financial crisis as depicted in The Big Short, has OFFICIALLY deregistered his hedge fund, Scion Asset Management.

As of November 10th, SAM is marked “terminated” by the SEC, meaning that robot Arnold Schwarzenegger finally got to him for predicting the future. Sad.

Who’s to say what will happen to the $155 million in assets managed by the company, not me, I don’t know shit. What you think I got a job writing for ‘Wall Street Memes’ because of my financial expertise? Get real. They’d sooner replace me with an AI except they’re worried they might be assassinated by a robot Arnold Schwarzenegger.

Burry Investment graph — Here’s a graph, is that useful to you?

Burry The Headline

Ever since his exploding fame, Burry’s been a bellwether for oncoming financial crises and just last week Burry bet $1.1 billion dollars in money on Nvidia and Palantir stock falling and then what happens?

BOOM.

7.95 points down. Burry, you’ve done it again you son of a bitch, you’ve reallly done it again.

And lately Burry’s been on a rampage on X, posting pictures of Christian Bale, declaring the bubble is about to burst and ringing a big bell screaming “the end is nigh.”

“On Monday, he posted a chart titled “US tech capex [capital expenditure] growth is matching the tech bubble of 1999-2000” and another showing how growth in demand for cloud computing at major tech companies is slowing.”

Cool, cool, cool.

Tbh he’s not a lone Cassandra for once as many economists are pointing out parallels between now and 2008. Nvidia just capped at a $5 trillion valuation amongst plans to invest in every company. Similarly, the US Government has placed big chips on this whole AI thing panning out.

Burry Vs. Buffett

And not to be outdone, the OG GOAT, Warren Buffett, recently dicted his Berkshire Hathaway stocks in favor of a massive cash reserve, and it also got people worried that cash = crash.

Buffett’s investment firm now has a record $381.7 billion cash stockpile, all tied down and waterproof for when the rain’s a-coming. Or hey, maybe this is just prudence, after all, the rest of the economy is up, Berkshire’s stock is down 2% so what do they know?

As this one article I found online explained it nicely, so I’m just going to copy it wholesale:

““If you feel like stocks are expensive, including your own shares, you’re eventually going to be right, but you can be wrong for a long time,” said James Shanahan, an analyst at Edward Jones who recently upgraded Berkshire to a “buy” rating. This echoes Buffett’s history of sitting on cash during frothy markets, only to deploy it during downturns — like the 2008 financial crisis when he snapped up bargains.”

…it’s not plagiarism when they’ve clearly used AI, right?

Buffett (no relation to Jimmy) is due to step down as CEO of his investment firm next May, probably because he’s 95… NINETY FIVE?? Wtf guy? Five years off one hundred and he’s still investing? Still got the moves? Still hustling? Bro, you have enough money, it’s ok, you can retire…

So who’s to say what will happen? Since we’re not big-shot investors, the best we can do is keep our fingers crossed and hope we don’t see ‘The Big Short 2: Electric Boogaloo’ in theatres any time soon.

The rumors are bubbling up again and it sounds like a stock trading ban might take another step closer to reality once the government un-shuts-down. And this is just days after Pelosi revealed her retirement… hmmm… HMMMMM.

“Speaker Johnson has notified me that as soon as we return and the government is reopened, the bill to ban insider trading is going to be marked up in committee,” Rep. Anna Paulina Luna of Florida recently posted.

Cool, I don’t know what that means, but I’m happy for you.

Although, hold on, did you say it was going to committee? Yeah, that’s a long way from going to a floor vote like you said it would a few months ago…

This bill was first put forward before the government shutdown by the most Texas Republican sounding man ever, Chip Roy, and the most Rhode Island Democrat sounding man ever, Seth Magaziner.

The bill is also supported by AOC, showing that it has bipartisan support, although it still has a long way to go to get enough lawmakers on its side. Public opinion is not split, however, as 86% of Americans back some kind of ban.

stock trading ban graph — idk, does that say 86% anywhere?

If passed, that bill would require current lawmakers (AND their spouses AND their children, wtf?) to sell their stocks within 180 days and new Congress members to sell off stock holdings before being sworn in. Failure to do so would result in a fine of 10% of that stock value and maybe certain death. Damn girl, chillax.

House Speaker Nancy Pelosi was seen shortly after the announcement marching down a corridor house-yelling into her phone, “I DON’T FUCKING CARE WHAT IT COSTS, SELL IT ALL!” moments before she retired.

Pelosi has long been dogged by accusations of insider trading, exacerbated last year by her husband’s profitable sale of Visa stock shortly before a DoJ antitrust lawsuit against the company. The link is somewhat circumstantial, and no concrete evidence currently exists of Pelosi’s insider trading. Pelosi has even publicly spoken in support of greater regulation, which is exactly what she would say, wouldn’t she? Nevertheless, the running joke has come to exemplify the image of Democratic politicians as a corrupted elite, unlike all other elites, which are perfect.

This isn’t the first time such bills have been proposed, but it does seem to represent a more bipartisan, combined effort. Senator Josh Hawley’s Preventing Elected Leaders from Owning Securities and Investments (yes, that spells out PELOSI) bill passed through a crucial committee just last month. Ironically, Nancy Pelosi herself supported the bill.

Currently, the STOCK Act of 2012 (also voted for by Pelosi) requires lawmakers to disclose any trades over $1,000 within 30 days or pay a $200 fine. However, many believe the law does not go far enough. I personally think it should go even further and forbid politicians from using even money. They should be forced to trade seashells instead.

It seems that the general public’s widespread desire to see more fairness for lawmakers has made its way to Washington. Support is growing for some kind of increased restrictions. Maybe handcuffs when they visit the bank?

For more on insider trading news, click here: Marjorie Taylor Greene Denies Insider Trading: “You Can’t Insider Trade When You’re A Political Outsider”

Why? Well, paradoxically, to fund more AI projects.

Yeah, so SoftBank Group Corp. just cashed in its $5.8 billion dollar stake in Nvidia. Hahaha, chumps, don’t they know that Nvidia is the future of the US economy and the only company worth investing in?

Well, SoftBank clearly doesn’t think so and after the investment firm made massive investments into America’s leading chip maker it seems that they’ve got a different idea in mind.

Maybe it’s just pure ragrats as SoftBank was once the largest shareholder in Nvidia, in what experts are calling the biggest L in finance history.

More SoftBank news: Intel Gains $2bn Softbank Investment, Government To Take 10% Which Definitely Isn’t Socialism

Back in 2017, SoftBank’s Vision Fund acquired a 4.9% stake in Nvidia, becoming one of the company’s largest shareholders. But in 2019 they sold their entire position for $3.3 billion just moments before the AI boom.

Now that 4.9% would be worth a fat $250 billion dollars USD.

CEO Masayoshi Son called Nvidia “the fish that got away” (more like ‘whale’) and was seen in November crying on stage with Nvidia CEO Jensen Huang.

Masa desperately tried to Ctrl-Z the decision in August this year, reacquiring a 01% stake in Nvidia as a show of faith in their AI investment, a move that I guess they’ve just UNO reversed.

SoftBank earnings graph — Here’s a graph just so that we look like a legit finance site.

SoftBank doubled down on its AI bet in the same month when it announced plans to pump $2bn dollars of money into struggling chip maker, Intel along with the government for some reason.

SoftBank paid $23 per share, a vote of confidence that Trump will commit to helping out Intel, which is the only chip manufacturer on American soil other than Lays.

Intel has seen slumping stocks for years now after failing to keep up with the AI boom and foreign chip manufacturers. Both these deals and the resulting stock boost could mean a comeback for the former chip-king. Hell, I’d let Intel come inside me any day. What?

Likewise, back in January, SoftBank teamed up with OpenAI, Oracle and MGX to say that they would commit to building $500bn of AI infrastructure across the country. Little is known about project ‘Stargate’, but investors close to the companies say that Softbank is building the legs, MGX has funded construction of the arms and OpenAI is working on the head. When combined, all elements together will have the fighting prowess of a mighty lion.

Stargate is the brainchild of OpenAI CEO Sam Altman who claimed to have come up with the idea when flipping through channels. Reruns of 90s sci-fi shows and 80s cartoons then merged together for him in a dream.

SoftBank Rumored To Be Funding Giant Voltron Robot

“I woke up and thought, ‘What if we could create a real Voltron, but powered by the most advanced AI in the world?’ But obviously, I couldn’t call it that for copyright reasons,” Altman said in a statement. “And that’s how Stargate was born. Just don’t ask how I got the name.”

According to plans for Stargate, the massive robot will stand over 100 feet tall, weigh over 1,000 tons, and can wield various weapons. Why it would need to do this, however, remains an open question.

“Stargate will be the most powerful robot ever created,” continued Altman. “Maybe even more powerful than God.”

The project was announced alongside Turnip’s inauguration in what he called, “A resounding declaration of confidence in America’s potential.” I.e. he doesn’t know what AI does.

Other billionaire, Elon Musk clapped back at the project on the social media platform formerly known as Prince, saying, “They don’t actually have the money. Softbank has well under $10bn secured. I have that on good authority.” Sure you do. “Plus, Voltron was never as cool as Transformers.”

Insert Subheading Here

Altman then retorted, “Wrong, as you surely know. Voltron could beat any transformer in a fight, I’ll show you!” The post included a linked video of Altman smashing an Optimus Prime plastic toy with a Voltron figure.

This rivalry is the latest episode in an ongoing spat that began when the two men helped found OpenAI and then fought for control of the company. They should probably just f*** and get it over with.

Following Musk’s announcement that he intends to build a Grok-powered Transformer, it now seems more likely that this dispute will play out in an epic, kaiju-style fight that will wreak untold destruction on metropolises across the US.

For more fake news, keep locked at Wall Street Memes Dot Company.

Ok, technically it’s not over yet, but the politicians finally voted in favor of passing a funding bill so the government could reopen in days (hopefully). That’s great because I’ve got an insurrection at the Capitol booked for next Tuesday, and it’s going to be ruined if they don’t let us in.

But the real question that everyone’s asking is how much has this shutdown cost?

Well, it now holds the record for the longest recorded government shutdown since records began. Not since the time of the dinosaurs has the American country gone longer without a government.

1.4 million federal workers are currently without pay, so actually the government’s saved a bunch there. But even with that saving, loans are delayed, planes are grounded and I’ve got to reschedule my insurrection, all adding up to massive costs.

It’s estimated that every week of a shutdown knocks about 0.1 to 0.2 points off economic growth. That translates into about $15bn a week. Now considering it’s been about sex weeks, hold on let me just do some quick math here…

…computing…

OK, so the results are in and my computers are telling me that so far the shutdown has therefore cost about $90 billion dollars.

Wow, that’s a lot of money. Well, it’s a lot to me. Obviously, that’s not much if you’re Elon Musk, but that seems like a lot of money to me.

Government? More Like ‘Shit’

Now I know government shutdowns are becoming a bit of a political norm nowadays, this is the 11th since 1980 (six of those under Trump’s watch), but things weren’t always this way. It began in 1980 with a specific interpretation of an 1884 spending law. From the 80s onward suddenly all government spending needed Congressional approval or it wouldn’t happen.

Wallstmemes is in no way affiliated with whatever ‘voronoi’ is… I just liked this slightly out of date graph.

No other country does this by the way. If the government can’t agree on spending bills, that doesn’t mean planes start dropping out the sky, that would be insane, what an insane way to behave.

So if the law was changed once, why can’t it be changed again? Well, because it’s become a political tool. The pay of millions and the smooth running of the country is a hostage that political parties can take then blame each other for not cleaning up the mess.

I guess until we have political peace and love and hand-holding, we’re going to see a lot more governments a-shuting a-down.

Now bare in mind that

More on this story: Gold At New ATH Ahead Of Government Shutdown

No: It’s Fine.

Ngl, turns out this headline was a day old when I banked it and now Bitcoin has risen back up again above $100,000 so we’re fine I guess.

The ORIGINAL value slide came about, though, because all risky assets were hit in favor of more stable monetary monies. Why even that though? Well there’s been a lot of talk about an AI bubble but eh, who knows, there’s a lot of talk these days, who knows. Me? No, I know nothing, I’m just paid to pretend I know what I’m talking about… what was I talking about…

Oh yeah, so Bitcoin fell 5%, down below $100,000 for the first time in four months, BUT now it’s bounced back again above so who cares.

Bitcoin graph — please enjoy this slightly blurry graph of information

Solana and Ether was also down. Are you going to ask about our coin? The WSM Token? You want to know about that price? No one ever cares about our crypto but we have our own crypto guys and it’s really cool. Yes, it’s pretty much worthless. Yes, it was all a big joke from the beginning but still, it would be nice if you asked about it every once in a while…

I’m looking at it now and Bitcoin’s at like, $103,195 so yeah, you’re fine. That’s still below it’s atl of 126, but who cares you know up is up and nothing can take that away from me.

Bitcoin? More Like Shit Coin

“The main driver was stronger-than-expected data, alongside growing speculation that the government shutdown might come to an end soon,” the analysts said. Which analysts? Well, I’m just copying this from another article that I haven’t read so honestly don’t ask me.

I mean, Jesus Christ, if you’re really relying on a website called Wall Street Memes for your financial information, you should probably take a good, hard look in the mirror, son.

You know what? Fuck it, here’s the rest of that article just copied and pasted from Yahoo Finance, where you should probably be instead of here:

Fundstrat head of digital assets Sean Farrell said on Monday that “whale selling,” or investors with large holdings, had risen over the past few weeks.

“Whales — they continue to hammer price,” he said, noting that billions in bitcoin (BTC-USD) have recently been moved from private wallets to exchanges, presumably to be sold.

Simon Peters, crypto analyst for eToro, said in commentary on Wednesday that the fall in bitcoin (BTC-USD) “stemmed from the recent FOMC meeting, where Chairman Powell poured cold water on the idea of a December rate cut”.

Last week, the US Federal Reserve lowered interest rates by 0.25% to a range of of 3.75% to 4.00%. However, Powell said in press conference following the central bank meeting last week that another rate cut in December is “not a foregone conclusion – far from it”, dampening hopes of a reduction next month.

In addition, Peters said that bitcoin (BTC-USD) liquidations of $915m since the start of November had also contributed the recent fall in the token.

“While the pullback is likely to rattle some investors, volatility of this scale is not unusual,” Peters said. He highlighted that bitcoin (BTC-USD) had seen several drawdowns of over 30% in recent years, such as between January and April this year, when the price slid from $109,000 to $74,500, before soaring 70% to an all-time high of $126,300.

“Despite the current correction, bitcoin (BTC-USD) remains in a long-term uptrend, forming higher highs and higher lows,” he said. “Short-term catalysts such as renewed expectations for rate cuts or continued inflows into spot bitcoin ETFs [exchange-traded funds] could quickly cause prices to reverse and rally again very quickly.”

Cool, you happy now? You enjoy that? Yeah, me neither. Go home.

The OG GOAT, Warren Buffett, is ditching his Berkshire Hathaway stocks in favor of a massive cash reserve, and it’s getting people worried that cash = crash.

BUT… but, couple this with the latest news that Michael Burry was also seen stocking his fallout shelter, and well, we might have cause to worry.

The famed investor depicted in the Big Short movie disclosed his short position of $1.1 billion against Nvidia and Palantir stock, a sure sign that he thinks the AI bubble will soon burst.

Buffett-ed By The Storm

Orrrr, maybe it’s nothing, as this one article I found online explained it nicely, so I’m just going to copy it wholesale:

…it’s not plagiarism when they’ve clearly used AI, right?

Buffett graph — Here’s a graph. Idk, is that useful to you at all?

What goes up must come down…

Michael Burry, famed investor of the Big Short fame was depicted by famous actor Christian Bale in the famous movie, the Big Short that depicted that one time he shorted the economy, is back with another big short and this time it’s even bigger than the last one.

Burry has bet $1.1 billion dollars in money on Nvidia and Palantir stock falling and then what happens?

BOOM.

7.95 points down. Burry, you’ve done it again you son of a bitch, you’ve reallly done it again.

More Palantir news: Palantir Stock Slumps 12% After Everyone Realizes No One Knows What The Company Does

Burry’s on a rampage on X, posting pictures of Christian Bale, declaring the bubble is about to burst and ringing a big bell screaming “the end is nigh.”

Michael Burry Tweet — Not sure what’s scarier, that face or the graph…

…I think he might be trying to tell us something…

Cool, cool, cool.

Michael Burry Tweet 2 — I can’t read all that because it’s blurry so I’m just going to assume it’s bad news

Burry Your Head In Your Hands

Tbh he’s not a lone Cassandra for once as many economists are pointing out parallels between now and 2008. Nvidia just capped at a $5 trillion valuation amongst plans to invest in every company. Similarly the US Government has placed big chips on this whole AI thing panning out.

It’s fine, if the bubble pops what’s the government going to do? Shut down? I got news for you sonny jim…

But here’s hoping Micheal is wrong this time (he was wrong two years ago tbf) and our whole economy isn’t doomed to implode in a fiery ball of chaos that makes a couple people rich but does spawn a killer movie.

For more Michael Burry shenanigans, read this: Jim Cramer Removes Michael Burry Mask He’s Been Wearing For Two Years

Yep, the Amazon corp just got a 5% stock boost from the announcement that OpenAI will access hundreds of thousands of Nvidia graphics cards through its cloud computing service.

It seems that no one got the memo that this is the same cloud computing service (AWS) that shut down the entire internet just a few weeks ago.

The deal is just one of many that OpenAI made recently. $300 billion with Oracle. $22 billion with CoreWave. Plue the ink’s only just dried on agreements with Broadcom, AMD, Nvidia and my mate Nigel who has a basement that they can use if Sharon kicks them out again.

And it looks like OpenAI might need it soon because lady and gentleman, the bubble is at a-bursting point.

Nvidia just topped $5 trillion. OpenAI is about to be worth $1 trillion with barely any revenue (but hey, they are a non-profit). And everyone’s getting into bed with each other, assuring that if one drowns, they all drown (not sure why the bed’s in the ocean, but here we are).

Maybe at least one of those data points will change soon however as OpenAI have started to work with Microsoft to see if they can change to a for-profit.

Let’s just see how all this pans out…

These goddam kids. You aren’t drinking. You aren’t clubbing. YOU AREN’T EATING CHIPOTLE???!! WHAT’S WRONG WITH YOU!””!??!??!??

Chipotle has avocados. Chipotle’s famous for it’s avocados. You should love it there. But ohhhhhh, no, you just want to do your stupid TikTOKs and eat beans at home.

Chipotle stock (CMG) is down 19%, thanks to you. This is the third quarter in a row that Chipotle’s had to cut its sales outlook, you idiots. Are you happy?

As Head Chipote, Scott Boatwright explained, “A particularly challenged cohort is the 25- to 35-year-old age group.”

“This group is facing several headwinds,” the CEO said on a call with analysts, “including unemployment, increased due loan repayment and slower real wage growth.”

And that’s the thing, Chipotle aims squarely at that demographic. They will literally kick you out of the restaurant if you’re under 25. I know, I’ve tried.

Why do you think they had all those memes about Chipotle? You think that was for fun? No, that was a psy-op. That was marketing. AND YOU’VE ALL STOPPED FALLING FOR IT YOU DOUCES!!

cHIPOTLE meme — We are LOSING the ancient texts.

Yes, unemployment is up to 9.2% at the moment, yes, no one can afford a house, let alone Chipotle, BUT I DON’T GIVE A STEAMING CRAP. I want you out there eating those hot and sweaty burritos IF IT KILLS YOU.

Now, i don’t want any more excuses. Steal your mum’s credit card, rob the louvre, I don’t care, I will not have my precious CHIPTOLE die because of this.

You better do a GameStop and turn this thing around or so help my god.

For more food related stonks, read this: Elon Branches Out In Fast Food, Tesla Stock Tumbles

It’s OK, Masa, you can cry, let those tears out…

So it turns out that Japanese investment company SoftBank was once the largest shareholder in Nvidia, the company that just topped a $5 trillion valuation in what experts are calling the biggest L in finance history.

Now that 4.9% would be worth a fat $250 billion dollars USD.

SoftBank Nvidia investment tweet — Those are some very expensive tears…

CEO Masayoshi Son called Nvidia “the fish that got away” (more like ‘whale’) and was seen in November crying on stage with Nvidia CEO Jensen Huang.

Masa desperately tried to Ctrl-Z the decision in August this year, reacquiring a 01% stake in Nvidia as a show of faith in their AI investment.

For more bros taking big ‘L’s, read this: Bitcoin Reaches ATH, Pizza Now Worth $1bn

SoftBank Is Going Hard On AI

SoftBank doubled down on its AI bet in the same month when it announced plans to pump $2bn dollars of money into struggling chip maker, Intel along with the government for some reason.

SoftBank paid $23 per share, a vote of confidence that Trump will commit to helping out Intel, which is the only chip manufacturer on American soil other than Lays.

SoftBank Rumored To Be Funding Giant Voltron Robot

“Stargate will be the most powerful robot ever created,” continued Altman. “Maybe even more powerful than God.”

The project was announced alongside Turnip’s inauguration in what he called, “A resounding declaration of confidence in America’s potential.” I.e. he doesn’t know what AI does.

This rivalry is the latest episode in an ongoing spat that began when the two men helped found OpenAI and then fought for control of the company. They should probably just f*** and get it over with.

For more fake news, keep locked at Wall Street Memes Dot Company.

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Why are the only pictures of Burry from the Big Short premiere?

Burry The Headline

Burry Vs. Buffett

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