Popular investor Michael Burry He surprised his followers by saying he “made a mistake in saying sell” in a tweet on Thursday. Burry had previously predicted that another economic crisis similar to the one in 2008 would completely upset the markets in all sectors. Burry became famous as one of the few people who correctly predicted the housing and subprime mortgage disaster that shook the world in late 2008.
Market participants, on the other hand, think that Burry’s latest tweet is a clue to the market’s rise, as he openly admits that he was wrong this time. To give a precise date, Burry had commented on February 1 as “sell”.
According to a report by Bloomberg, Michael Burry said high dips have changed the current market landscape as 2023 is predicted to be one of the best years for bottom buyers. argues.
Going back to the 1920s, there has been no BTFD generation like you. Congratulations. pic.twitter.com/iAGN0CqmjD
— Cassandra BC (@michaeljburry) March 30, 2023
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What Does Michael Burry Think About Inflation?
Michael Burry, who is also the founder of Scion Asset Management, was portrayed by Christian Bale in the movie “The Big Short” and became popular on social media for his foresight about the upcoming risks in financial markets. Ülnü Name predicted a new rise in inflation earlier in the year and added that the US was already in a recession.
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