Michael burry housing bubble 202111/18/2023 “All hype/speculation is doing is drawing in retail before the mother of all crashes,” the investor tweeted. In June 2021, he cautioned that irrational “fear of missing out” trading activity around cryptocurrencies and meme stocks were likely to end in disaster for overextended retail traders. nXxRqXQHsi- Michael Burry Archive August 31, 2022īurry has frequently warned of an impending market catastrophe. The sharp decline coincided with mounting investor fears that the Federal Reserve’s policy tightening to address decades-high inflation will result in an economic recession. The S&P 500 – the broadest measure of US stocks – is down more than 18% since January. “And yet I keep getting asked ‘wen crash?’” Burry said in a now-deleted tweet captured by t he Twitter account. Michael Burry, the hedge fund investor made famous in the 2015 film “The Big Short,” suggested Wednesday that a long-feared stock market crash is already underway.īurry, who predicted more than a year ago that stocks were headed for “the mother of all crashes,” delivered his latest warning alongside a graph showing the S&P 500’s sharp decline since hitting an all-time peak in January. Israeli markets plummet, businesses suffer after Hamas terrorist attacks ‘Why did I come back?’ Bob Iger ‘overwhelmed and exhausted’ during Disney slump: report Jamie Dimon plans to sell $141M worth of JPMorgan stock in first share selloff Dow jumps more than 500 points ahead of Fed rate decision, earnings
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