Michael Burry just tweeted this: "No, we have not hit bottom yet, watch for failures, then look for the bottom. 2 SPAC ETFs failing is not near enough." Michael Burry laid out a checklist for the stock market crash of 2022 in a second tweet as well, sighting: inflation with sharp declines in cryptocurrencies, "meme" stocks and SPACs. Is he right? let's find out
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What about all the other times Michael Burry has called for a crash that failed to occur? What about the time he called for a stock market crash because of S&P 500 funds being overvalued? I suppose if Michael Burry was correct, ONLY S&P 500 stocks would have crashed. Everything else would have continued going up. Is that what happened?
In a paradigm shift a downturn affects companies differently. If GM drops, I’m not surprised. If $TSLA drops, I’m buying
Well Michael Burry is always predicting a crash, so I guess that's a breath of fresh air, but indubitably the market is chaotic, do we stay or do we sell? been reading articles of folks being able to maneuver the present market and generate huge 6figure profit within months, what strategies do you think they're applying?
Where the hell do we put our cash??
I think I saw Michael under the definition of "A broken clock is right twice a day"
Tom Tom
Michael Berry is a broken record repeat offender for at least 18 months
Crash will happen in November, might be December, January looks bad, but my guts feeling is February, also Mars, what about April, wait May maybe, perhaps June or July, August is more probable, September is my end guess and don't let me start on October… Wait, I haven't decided on the year yet 🤔
Right now we are in a correction by interest rate increase. The market will correct everytime fed increase rate. The crash will come after economic indicators collapse.
Based on the definition of a crash…-20%, we have crashed several times since may,
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Michael Burry is like a broken clock. He says a crash is coming every day. At some point he must be right. You just can’t trust on when… just like a broken clock always shows 4pm will be right at 4pm. Every day.
CPI Wednesday as final trigger?
We haven’t had a crash?? Wtf was the Covid bottoming??
They will pull the plug in January, they CANNOT do it before the elections and before Christmas.
My whole portfolio is red lol why would I sell at a loss? if anything ill be averaging wayy down when it falls,,,
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
For a guy who was an analyst and never a trader, Tom understands the markets pretty well and his videos are very informative.
Tom you may be right that Powell has the ability to crash the stock market and the economy. But there is also a massive debt bubble that could do much much worse. So there are two catalysts that could crash the whole financial system
If you had invested 1,000 USD in Apple January 2000 you would have now 199,004 USD. If you had invested the same amount January 2008 you would have 25,597 USD. So yeah, please stop investing because if you invest now you will regret it in 10 or 20 years.
Peter Schiff and Michael Burry will always be correct, 1% of the time
“We’re going down” Short
“We’re going to the moon” Long
Couldn’t care less. Make your own decisions.
Without elaborating much, at Jackson Hole Powell said there was very likely "more pain to be inflicted" to the markets, twice.
I'm gonna go by those words. Regardless of how aligned or not aligned what Burry says is.
The wolf is coming …
The wolf is coming
The wolf is coming …
There is mid year elections. Big question if the Fed is directed by politics..if fed doesn’t want hurt Biden then wait with the harder rate increase
Am I stupid? I bought 30 Tesla shares yesterday and I am planning to buy another 30 today.
That nice…. I've been given another month to lose a little bit of money before I lose a lot of money 👌🏻
Whilst the fed are "in control" of the situation and controlling money printing and interest rates AND us dollar is still reserve currency there wont be a crash but controlled corrections every time the market starts to look like its recovering.
If it was not for the massive debt on their books this would be obvious a time to get out of market and go to savings again because interest rates would go higher than inflation to get it under control,
BUT the reality is that their debt is unaffordable and higher interest rates would bankrupt the us ,
It's a bit of a death spiral that there is no cure for that I can see, the us dollar will end up losing its status as reserve currency if fed just keeps on printing though.
Yet the us dollar is stronger than ever, so what happens next is snyones guess lol.
When everyone says there will be a crash there will definately be no crash 😁😁😁😁 Markets always proves forecasters wrong!!! Though there would be 1 out of 10 times a bear would get his prediction right!!!
Relief rally… lol Potential collapse of China the potential collapse of Europe and famine for over 400 million people and Americans are planning for Relief rally because inflation might go down .5% out of 9% even though all factors are pointing to driving it back up 10%+ within 3-6 months,
The market fell heavily during the 2020 Covid shutdowns. That didn't count as a crash?