Robert Kiyosaki claims that Warren Buffett and Michael Burry are preparing for a potential stock market crash.
Kiyosaki stated that Buffett is holding $147 billion in short-term Treasurys. “Michael Burry of ‘The Big Short,’ he’s shorting the market right now,” he said on “Cavuto: Coast to Coast” on Tuesday, Business Insider reported.
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Buffett’s Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) recently sold a net of $8 billion of stocks, leading to a 13% increase in its total amount of cash and Treasurys to a near-record $147 billion.
On the other hand, Burry’s Scion Asset Management disclosed that it held bearish put options on the SPDR S&P 500 ETF Trust and Invesco QQQ Trust, implying he stands to profit if the indexes fall.
Buffett hasn’t explicitly predicted a crash, he’s sold $33 billion of stocks on a net basis over the last three quarters. Burry has predicted the “mother of all crashes” and taken short positions, signaling a potential market downturn.
Photo Courtesy: Wikimedia Commons
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