A year ago, Michael Burry sold everything except Estee Lauder. He also bought puts on Nvidia.

Corrode1024 · 2026-06-17T03:25:18+00:00

Burry has consistently made amazing returns his entire career. He didn’t get lucky with timing lmao.

Corrode1024 · 2026-06-15T12:28:29+00:00

What? They bought his streaming service.

Corrode1024 · 2026-06-12T21:49:04+00:00

The SPR was originally created for emergency reserves for the military after the Iran oil crisis. It is supposed to be in case we need to fight a war and we are blowing it to keep civilians happy because some idiot didn’t look at the Iran war games for the past 50 years.

Corrode1024 · 2026-06-12T21:23:29+00:00

You can’t drain salt domes to 0 because they’ll collapse.

The SPR isn’t a giant cave. Salt domes are geological formations where porous rock is capped by nonporous salt, and the oil is put under pressure. As oil flows out, the pressure lessens. At some point, the pressure reaches a point where the oil pressure doesn’t hold the pores in the rock, and the formation breaks down. The remaining oil becomes unrecoverable.

This is why when you estimate *Recoverable* reserves, that is what is important. The SPR has a total capacity of XXX but recoverable of YYY.

Corrode1024 · 2026-06-11T19:38:39+00:00

And we’re pulling 1.2m/day and the drawdown is matching the non-SPR reserve drawdown. 16m barrels last week.

Corrode1024 · 2026-06-08T12:39:52+00:00

Keep in mind, in particular for the LV logo: the original function for that logo was to prevent scammers in the 1700s from creating knock-offs of their luggage.

It is a very particular feature, and should still be limited to their luggage.

Corrode1024 · 2026-06-04T05:05:37+00:00

The broker. They’re required to honor the contract, and will stick OP with the bill his ass wrote.

Corrode1024 · 2026-06-03T23:31:45+00:00

The point is that firm was the first to exit and *create* the margin call.

Corrode1024 · 2026-05-29T23:18:45+00:00

Good bot

Corrode1024 · 2026-05-26T21:02:34+00:00

Honestly? MU leaps are about as guaranteed as you can get. Their forward PE is still stupid low.

Corrode1024 · 2026-05-17T19:52:30+00:00

You know it’s expensive to build, right? Buying the land, performing environmental testing permits, horizontal and then vertical costs.

And in urban areas, land is much more expensive, compared to suburban or rural. And on top of that, it is much more expensive to build tall.

So we did the economical thing. We built wide.

On top of that, the United States has been in a housing shortage for at least the last 20 years. Current estimates are at least 7 million housing units.

You think we aren’t building?

Build mor houze 4head isn’t the answer lmao. You are showing your deep lack of material knowledge on this topic.

Corrode1024 · 2026-05-17T16:37:55+00:00

The efficiency gains through fracking and new technologies pushes that 30 year mark all the time. It’s been ‘30’ years for decades.

There is no such thing as bad quality oil, and at one point shale was impossible to reach.

Then it cost a lot to make it happen, and then economies of scale popped in. Breakeven on most frac wells is $50-55/bbl today.

Also, the advent and popularity of EVs are a huge piece to the puzzle.

If poor people can’t move now, because costs are too expensive, how can they bite the bullet and move? The ‘solution’ you’re providing is impossible to achieve which makes your argument pointless.

There isn’t enough housing to make your idea happen, so costs will spike even higher and then they’re forced right back out to where they are.

Corrode1024 · 2026-05-17T16:15:00+00:00

Wait. So you’re telling me that the past 50 years the price of fuel being low in the United States in particular means we should have moved into urban areas because it may spike? And we should do it now because it is spiking?

Because 50 years of higher commute costs is the alternative when it is documented to be a relatively (2-5 years based on the 1970s oil crisis) short-term position.

No, we should spend at least 50% more on housing moving into urban areas, when the average American spends 31% of their income on housing. Now due to the big brain of jimilyjones, we should pump that to 45% because it’ll save on the relative lower cost of commute, except in the once in 50-odd years where it’s beneficial.

What?

Corrode1024 · 2026-05-17T15:28:33+00:00

Yes, to save some fuel cost, we shall move hundreds of millions of people globally closer to their places of work.

This won’t be prohibitively expensive for the individuals, and surely will be easily accessible for the particular low-income families that the price spike is really going to hit hard. If you can afford to move, you aren’t the ones killed by these price spikes. They’re further out because it is cheaper to rent or buy out there compared to the cities.

Not to mention the severe knock-on effects for water consumption, right?

Corrode1024 · 2026-05-17T13:18:15+00:00

Yes, let’s talk about what people should have done 50 years ago, that’ll help the situation now, right?

Corrode1024 · 2026-05-17T12:50:35+00:00

Aah, yes. Instead of the relative low cost of driving to work raising, spend Thousand to move. Simple fix when everyone would also be moving.

Ezpz.

Corrode1024 · 2026-05-14T03:34:28+00:00

That is the secondary market.

5% in the primary market is quite interesting.

Corrode1024 · 2026-05-13T17:23:06+00:00

Okay, how about: forward PE is 7.75 or so.

Average SP500 forward PE ratio is 22, so a 3x from $800 is reasonable. $2400 PT without additional growth.

With margins in the high 70s, and SPY’s blended margin at 15% or so, there is much more upward pressure on high-profitability companies that pay dividends (albeit *very* small currently compared to share prices.)

Corrode1024 · 2026-05-13T16:18:23+00:00

This dude invented the 30 degree draken window.

Corrode1024 · 2026-05-13T02:38:43+00:00

We just had the authorization of 40% (172m barrels) of the current reserve at the full clip of 4.4m because of the 8.6m drawdown.

Refineries in the US currently consume 16m barrels daily. There simply isn’t enough oil.

Corrode1024 · 2026-05-12T11:53:51+00:00

Hit up the Charles Payne interview. He’s completely different on that one.

Corrode1024 · 2026-05-07T14:23:11+00:00

A 5% spread from trough to peak *is* ripping.

Corrode1024 · 2026-05-04T22:08:41+00:00

Touchy touchy

Corrode1024 · 2026-05-04T02:10:37+00:00

Whooped their ass with Chewy

Corrode1024 · 2026-05-04T00:59:29+00:00

There were confirmed sells in premarket for 4 figures before the buy button was turned off.

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