News: Michael Burry Shocks The Market With Newest Tweet
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 31 March 2023
⏱️ 8 minutes
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| 0:00.0 | Hello fellow rebel capitalists hope you're well so Michael Burry in the news again |
| 0:06.7 | tweets out something that shocks the market he pretty much did something that no other, we'll call him financial guru, has done before. |
| 0:17.0 | At least, not that I'm aware of, or at least the people on C.M. |
| 0:20.0 | in Bloomberg. Let's go right over to ZeroHedge and I'll tell you what I'm referring to. So title, |
| 0:25.1 | Big Shorts Michaelbury admits he was wrong in a tweet. So if you go back to |
| 0:32.1 | January 31st, Michael tweeted out one word and this like took the market by storm like everybody was talking about this. |
| 0:41.0 | One word sell that's it. So Burry promptly deleted not just a |
| 0:46.9 | tweet but his entire account after he did that. And then he came out with another |
| 0:51.7 | sarcastic tweet when he reactivated his account a week later, |
| 0:55.6 | said basically this is no different than the dot-com crisis. |
| 0:59.7 | I think he added this chart, oh this is how he was being sarcastic, right, because he's got this chart saying, this time it's different. |
| 1:06.0 | Ha ha ha. And then showing a chart that I would assume is very similar to the GFC. |
| 1:12.0 | Or I'm sorry, no, I'm sorry dot-com is what he was referencing so very similar to the dot-com bust so now |
| 1:19.5 | Zero Hedge reports that it's been quite a ride for Michael Burry. |
| 1:24.4 | The guy is obviously again famous from the big short, y'all know that. |
| 1:27.6 | And he just came out with this tweet saying that I was wrong to say sell. |
| 1:33.6 | Now this came out March 30th of 2023. |
| 1:37.3 | So Zeroheads goes on to point out |
| 1:39.3 | the admission of error is something seldom seen on Wall Street, |
| 1:41.8 | so Burry deserves respect. but what I want to do |
| 1:44.3 | is pull up this chart of the timeline so when the S&P 500 was at looks like about 4100 and some change. |
| 1:54.3 | That's when he came out and said sell. |
... |
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