+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeNewslettersNextShare

'Big Short' investor Michael Burry warns stocks will crash and rallies won't last. Here's a roundup of his recent tweets.

  • "The Big Short" investor Michael Burry expects a far steeper decline in the stock market.
  • The Scion Asset Management chief's view is based on how past crashes have played out.

Michael Burry, the hedge fund manager of "The Big Short" fame, rang the alarm on the "greatest speculative bubble of all time in all things" last summer. He warned the retail investors piling into meme stocks and cryptocurrencies that they were careening towards the "mother of all crashes."

The Scion Asset Management chief's dire prediction may be coming true, as the S&P 500 and Nasdaq indexes have tumbled 15% and 24% respectively this year. In tweets he's since deleted, Burry has taken credit for calling the sell-off, explained why he expects further declines, and cautioned against buying into relief rallies.

Here's a roundup of Burry's latest tweets about the stock-market slump:
Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!