Michael Burry Suggest This About Market
February 08, 2023
Story : Divya Sinha
Famous investor Michael Burry posted his first tweet after returning back to Twitter.
He has shared an S&P500 chart in his tweet which clearly shows the market dynamics in 2001 and 2002.
Burry with the graph wrote that this time is different.
A Twitter user asked to explain this chart, to this another Twitter user responded to it.
He explained that when the Fed finally does start cutting rates it's usually not for a good reason.
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As previously reported, just a few hours before the FOMC meeting, Burry tweeted "Sell” and later deleted his account
Michael Burry made billions of dollars in the 2007 financial crisis when shorted the entire housing mortgage industry.
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