Michael Burry has just returned to Twitter just after a couple of months of “hiding”. This legendary investor instantly sounded the alarm about the greatest market place bubble in historical past.
“People always ask me what’s going on in the market. It’s simple! The biggest speculative bubble of all time in all markets today! #FlyingPigs360”
In individual, hashtags #FlyingPigs360 It could be a reference to a incredibly renowned saying in the investment planet:
“Cows make money, bears make money, but pigs are slaughtered.”
(Cow: trader believes a bull market place, Bear: trader predicts a bear market place)
Burry has repeatedly warned that traders are as well greedy, speculating, taking as well a great deal threat and chasing unrealistic returns.
The “Big Short” legend deleted his Twitter account in early April 2021 just after warning about Tesla stock, GameStop, Bitcoin, Dogecoin, Robinhood, SPAC, inflation, and the stock market place in common. Earlier, “The Big Short” legend Michael Burry warned of a “Bitcoin bubble”.
Michael Burry is ideal recognized for his multi-billion dollar bet on the US housing bubble in the mid-2000s. This deal also grew to become the topic of the most well-known guide and film “The Big Short”. .
Michael Burry also assisted lay the groundwork for GameStop’s return this 12 months with WallStreetBets and GameStop occasions. This investor obtained shares of GME in 2019 and wrote a number of letters to the company’s board of directors.
With this return, Michael Burry named his Twitter account “Cassandra” – the identify of the priestess in Greek mythology, who was cursed by the gods with precise prophecies that no a single believed.
Thus, Burry implied that he also created precise statements but was criticized and distrusted by the neighborhood.
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