{"id":88296,"date":"2026-05-17T09:14:08","date_gmt":"2026-05-17T09:14:08","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/88296\/"},"modified":"2026-05-17T09:14:08","modified_gmt":"2026-05-17T09:14:08","slug":"michael-big-short-burry-varuje-pred-obrim-propadem-trhu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/88296\/","title":{"rendered":"Michael \u201eBig Short\u201c Burry varuje p\u0159ed ob\u0159\u00edm propadem trhu"},"content":{"rendered":"<p>Ru\u010di\u010dka investorsk\u00e9ho <a href=\"https:\/\/edition.cnn.com\/markets\/fear-and-greed\" rel=\"nofollow noopener\" target=\"_blank\">Fear &amp; Greed indexu<\/a>\u00a0je hluboko v\u00a0teritoriu chamtivosti a\u00a0ceny akci\u00ed d\u00e1le rostou. T\u00e1hnou je zejm\u00e9na polovodi\u010dov\u00e9 tituly\u00a0\u2013 <a href=\"https:\/\/www.e15.cz\/tag\/intel\/6\" rel=\"nofollow noopener\" target=\"_blank\">Intel<\/a> za pouh\u00fdch \u0161est t\u00fddn\u016f ztrojn\u00e1sobil svou hodnotu, u\u00a0Micronu byl r\u016fst v\u00edce ne\u017e dvojn\u00e1sobn\u00fd. Jen\u017ee slavn\u00fd investor Michael \u201eBig Short\u201c Burry varuje:\u00a0sou\u010dasn\u00e9 obdob\u00ed podle n\u011bj p\u0159ipom\u00edn\u00e1 chv\u00edle kr\u00e1tce p\u0159ed t\u00edm, ne\u017e v\u00a0roce 1999 trh implodoval do dot-com krize.\u00a0<\/p>\n<p>Tehdy \u0161lo o\u00a0masivn\u00ed kolaps, zejm\u00e9na internetov\u00fdch titul\u016f. \u0158ada firem cht\u011bla p\u0159ed p\u0159elomem mil\u00e9nia\u00a0nasko\u010dit na\u00a0megatrend roz\u0161i\u0159ov\u00e1n\u00ed internetu \u2013 a\u00a0to i\u00a0proto, \u017ee investo\u0159i masivn\u011b p\u0159epl\u00e1celi cokoliv, co bylo s\u00a0\u201edot-com\u201c by\u0165 jen okrajov\u011b spojen\u00e9. Jak to dopadlo, v\u00edme:\u00a0\u0159ada firem zkrachovala, jin\u00e9, t\u0159eba <a href=\"https:\/\/www.e15.cz\/tag\/amazon\/18\" rel=\"nofollow noopener\" target=\"_blank\">Amazon<\/a>, masivn\u011b propadly, ale p\u0159e\u017eily, trh se zhroutil o\u00a080 procent. Dnes p\u0159itom\u00a0n\u011bkte\u0159\u00ed koment\u00e1to\u0159i srovn\u00e1vaj\u00ed n\u011bkdej\u0161\u00ed n\u00e1stup internetu se sou\u010dasn\u00fdmi s\u00e1zkami na <a href=\"https:\/\/www.e15.cz\/tag\/umela-inteligence\/1\" rel=\"nofollow noopener\" target=\"_blank\">um\u011blou inteligenci<\/a> \u2013 a\u00a0zejm\u00e9na na \u010dipy, kter\u00e9 jsou k\u00a0jej\u00edmu rozvoji pot\u0159eba.\u00a0<\/p>\n<p>Michael Burry, kter\u00fd p\u0159edpov\u011bd\u011bl hypote\u010dn\u00ed krizi v\u00a0roce 2007, lidem rad\u00ed,\u00a0aby \u201eodm\u00edtli chamtivost\u201c. \u201ePro v\u011bt\u0161inu investor\u016f je dnes nejjednodu\u0161\u0161\u00ed cestou postupn\u011b sn\u00ed\u017eit expozici v\u016f\u010di akci\u00edm, zejm\u00e9na z\u00a0technologick\u00e9ho sektoru. U\u00a0titul\u016f, kter\u00e9 rostou parabolicky, pak m\u00e1 smysl \u00fapln\u011b omezit pozice,\u201c napsal Burry v\u00a0ned\u011bln\u00edm p\u0159\u00edsp\u011bvku na sv\u00e9m Substacku s\u00a0t\u00edm, \u017ee s\u00e1m\u00a0shortuje vybran\u00e9 portfolio firem.<\/p>\n<p>Varovn\u00e9 sign\u00e1ly<\/p>\n<p>Slavn\u00fd investor nen\u00ed jedin\u00fd, koho sou\u010dasn\u00e9 valuace technologick\u00e9ho sektoru znerv\u00f3z\u0148uj\u00ed. \u0158editel spole\u010dnosti Renaissance Macro\u00a0Research\u00a0Jeff DeGraaf\u00a0<a href=\"https:\/\/www.cnbc.com\/video\/2026\/04\/28\/investors-may-want-to-start-dollar-cost-selling-says-renaissance-macros-jeff-degraaf.html\" target=\"_blank\" rel=\"noopener nofollow\">mi<\/a><a href=\"https:\/\/www.cnbc.com\/video\/2026\/04\/28\/investors-may-want-to-start-dollar-cost-selling-says-renaissance-macros-jeff-degraaf.html\" target=\"_blank\" rel=\"noopener nofollow\">nul\u00fd<\/a><a href=\"https:\/\/www.cnbc.com\/video\/2026\/04\/28\/investors-may-want-to-start-dollar-cost-selling-says-renaissance-macros-jeff-degraaf.html\" target=\"_blank\" rel=\"noopener nofollow\"> t\u00fdden klient\u016fm ozn\u00e1mil<\/a>, \u017ee \u010dipov\u00fd index SOX vys\u00edl\u00e1 varovn\u00e9 sign\u00e1ly, kter\u00e9 se za posledn\u00edch 30 let objevily pouze t\u0159ikr\u00e1t: v\u00a0letech 1996, 2000 a\u00a02022. Jin\u00fd investi\u010dn\u00ed fond Berkshire Hathaway, nyn\u00ed ji\u017e pod taktovkou Grega Abela, zase v\u00a0posledn\u00edch \u010dtvrtlet\u00edch hromad\u00ed masivn\u00ed z\u00e1soby hotovosti v\u00a0objemu stovek miliard dolar\u016f \u2013 zjevn\u011b tak nyn\u00ed p\u0159\u00edli\u0161 akci\u00edm nev\u011b\u0159\u00ed.\u00a0<\/p>\n<p>Kl\u00ed\u010dovou ot\u00e1zkou je, zda v\u00a0p\u0159\u00edpad\u011b\u00a0budouc\u00edho propadu p\u0159ijde kompletn\u00ed \u201ev\u00fdplach\u201c trhu jako z\u00a0obdob\u00ed dot-com krize v\u00a0roce 2000, anebo\u00a0p\u016fjde \u201ejen\u201c o\u00a0siln\u011bj\u0161\u00ed korekci, kterou trh za\u017eil v\u00a0roce 2022. Podle Burryho je pravd\u011bpodobn\u011bj\u0161\u00ed sp\u00ed\u0161e prvn\u00ed mo\u017enost.\u00a0\u201eAkcie nyn\u00ed nerostou ani neklesaj\u00ed kv\u016fli pracovn\u00edm m\u00edst\u016fm nebo n\u00e1lad\u011b spot\u0159ebitel\u016f,\u201c napsal Burry. \u201eRostou p\u0159\u00edmo vzh\u016fru proto, \u017ee u\u017e n\u011bjakou dobu rostou p\u0159\u00edmo vzh\u016fru. Na z\u00e1klad\u011b dvoup\u00edsmenn\u00e9 teze (AI, pozn. red.), o\u00a0kter\u00e9 si ka\u017ed\u00fd mysl\u00ed, \u017ee j\u00ed rozum\u00ed.\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"Ru\u010di\u010dka investorsk\u00e9ho Fear &amp; Greed indexu\u00a0je hluboko v\u00a0teritoriu chamtivosti a\u00a0ceny akci\u00ed d\u00e1le rostou. T\u00e1hnou je zejm\u00e9na polovodi\u010dov\u00e9 tituly\u00a0\u2013&hellip;\n","protected":false},"author":2,"featured_media":88297,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,67,68,6977,1099,679,27290],"class_list":["post-88296","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-business","tag-byznys","tag-intel","tag-investor","tag-krize","tag-micron-technology"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116589157569621736","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/88296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=88296"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/88296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/88297"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=88296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=88296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=88296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}