A WallStreetBets user that goes by the name “GUH_ME_FUNDS” made a compelling post that reached the front page of the infamous subreddit, stating that he took acid after watching the big short and after crunching numbers he realized the market is overpriced.
“I can’t believe I couldn’t see it before, these evaluations on these tech stocks especially make no fucking sense. The Big Short and acid gave me the clarity I needed. I predict the market will have a 40% downward correction within the next 6 months. As to hedge for this I’ve sold out all of my current stock holdings and have used my cash to buy 11/4/21 SPY $350 puts. If this pays out not only would I have averted the crash, but I live to profit off of it.”