‘Big Short’ sage Michael Burry ticks off market ‘crash’ checklist as meme stocks, crypto struggle

📆 07/09/2022 14:32:00
📰 nypost

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 67%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Burry first cautioned that US stocks were heading toward “the mother of all crashes” in June 2021.

At the time, he cited irrational “fear of missing out” trading activity related to cryptocurrencies and meme stocks as a sign of the volatility.

“All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry tweeted. “When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.” The hedge fund wizard followed up on that prediction in a tweet last week while sharing a chart showing the S&P 500’s decline so far this year.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitcoin Crashes to 6-Week Lows as Crypto Markets Shed $60 Billion (Market Watch)The crypto market cap saw $60 billion gone daily as bitcoin slumped to a 6-week low while ETH plummeted by nearly 10%.
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »