Big Short investor Michael Burry warns US stocks are heavily overvalued & poised to tumble.
Big Short investor Michael Burry warns US stocks are heavily overvalued & poised to tumble. Noted the S&P 500's price-to-sales ratio has nearly doubled in 10yrs. $S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$
I went through his entire interview and twitter archive, he's only predicted the crash would be starting fall this year. And he's nearly right if the market doesn't reach another ATH this year. There was an ATH in december, and not since.
Burry bought $Meta Platforms(FB.US$ and $Alphabet-C(GOOG.US$ stock in early 2021, he definitely wasn't predicting a crash then. $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $Apple(AAPL.US$
What do you think?
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thabull12 : My problem with this guy is he was right one time more than a decade ago and now he’s some kind of genius. I was in my early 20s and could’ve told you that the housing market was on an unsustainable course towards destruction, lowering the fed backed lending criteria, with no oversight.
ByeByeFiat : One shot wonder talking again.
mooster HanOP ByeByeFiat:
mooster HanOP thabull12: Do you believe his prediction
Talklili : I don't agree, like today it's mostly up today.
mooster HanOP Talklili: yeah