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Michael Burry has closed his $1.6 billion $NQ, $SPX short position, per MacroEdge. (Via Unusual Whales)

He took a 40% loss on this.

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Massive oof. 😭

I've on occasion lost a lot of money trading in the past, but Jesus ..

Same. Some small losses. But... whoa!

Well, his rep is ruined.

He will go through some long dark hours of the soul in the coming months, I'm sure.

(Not laughing. I've been there as well.)

He is a brave man

Why not exit the game after your big short? Brad Pitt knew when to get out, he pissed off to an orchard in rural England... that's winning.