equitieswatch
Tuesday, January 24, 2023
About us
Advertise
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities
No Result
View All Result
Equitieswatch.com
No Result
View All Result

Michael ‘Big Short’ Burry Hints at Imminent Market Crash in Last Tweet

by equitieswatch
April 25, 2022
in Stock Market

YOU MAY ALSO LIKE

Mexico’s new airport gets boost from Panama’s Copa Airlines By Reuters

Honda and Sony Team Up to Tackle Tesla

Are premonitions a thing? 

Is there really a sign that could warn you about the Armageddon?

Do we potentially have writing on the wall that market watchers are too afraid to see?

If the last tweet by American hedge fund investor Michael Burry is any indication, it looks like the stock market is headed for a grim period.

Burry, who featured in Michael Lewis’ book “The Big Short” for correctly predicting that the housing market would crash in 2005, recently tweeted, “At least I tried.” 

Actor Christian Bale, best known for the superhero franchise ‘Batman’, played Burry in the movie of the same name.

Paramount UK

Burry, on of the first people to warn of an impending American housing market bubble, deleted his Twitter account soon after he posted this tweet. 

To be fair, a lot of people are threatening to leave Twitter for completely different reasons, with Tesla  (TSLA) – Get Tesla Inc Report Chief Executive Elon Musk is set to takeover the platform officially.

Burry, who runs Scion Asset Management, last week also tweeted that streaming giant Netflix  (NFLX) – Get Netflix, Inc. Report might be headed for turbulence  after the company reported its first decline in subscriber growth in the March quarter.

Scroll to Continue

“The competition came for Netflix just like the competition is coming for Tesla,” Burry tweeted.

TheStreet’s Michael Tedder reported that heightened competition in the streaming world is one of the main reason’s for loss of subscribers at Netflix.

Burry’s Past Investing Advice

Some of the other tweets by Burry cautioned his fans against investing in the world’s most traded cryptocurrency, bitcoin, in June 2021. 

The price of bitcoin whipsawed briefly below $30,000 a day after Burry’s tweet. 

Burry also sounded alarm bells for another market crash around the same time, adding that the so-called meme stock frenzy will eventually end badly.

“All hype/speculation is doing is drawing in retail before the mother of all crashes,” he wrote on micro blogging site Twitter.

During the peak of the pandemic, heavily shorted GameStop  (GME) – Get GameStop Corp. Class A Report stock was one of the hot favorites among young amateur traders.

Will Burry’s mental model spell doom accurately? 

There’s only one way to find out.

But concerns about the Ukraine war, the recent Covid-19 outbreak in China, a lurking fear of either a U.S. or European recession, and rising global inflation are all being predicted as potential factors in upcoming economic turmoil.



Source link

ShareTweetPin

Search

No Result
View All Result

Recent News

Oil slips further on demand, financial market worries By Reuters

Oil Sinks Further Amid China Concerns, Weakened Economic Prospects By Investing.com

October 25, 2022
Gold Up, Set for Second Weekly Gain as Dollar Falls from 20-Year High By Investing.com

Gold Pressured Near $1,650, Copper Muted on Economic Fears By Investing.com

October 25, 2022
Explainer-What would be the impact of Russian oil sanctions in Europe? By Reuters

Oil prices edge higher as U.S. dollar eases By Reuters

October 25, 2022
Equitieswatch.com

Equitieswatch.com is your Stock Market, Finance, Forex, Cryptocurrency, Business, NFT News Website. We provide you with the latest breaking news and videos straight from the Business industry.

  • Home
  • About us
  • Contact
  • Privacy Policy

© 2022 www.equitieswatch.com

No Result
View All Result
  • Home
  • Stock Market
  • Finance
  • Cryptocurrency
  • Commodities

© 2022 www.equitieswatch.com