The legendary Michael Burry thinks he has uncovered a similar scandal in the market as he did in 2002. Will history…
Michael Burry has done great things in the market. But what made him most famous was 2008 and the movie that was made about him. Now, he's coming out with a warning again, saying that he once again senses a danger similar to 2002.
Investors are rightly worried. This year has already caused them enough trouble. Their fears are reflected in developments on the financial markets. The stock market is flying wildly up and down. It also, understandably, often lets down growth-risk titles, which suffer as a result.
Investors usually buy shares in such companies when they are doing well. But once the economy stumbles a bit, the stocks of tech growth companies are the first to suffer. Well, here comes the notorious pessimist Burry with his latest report.
https://twitter.com/michaeljburry/status/1603069578778738691
"In early 2002, investors asked me why I didn't buy WorldCom." "This is the exact same situation," he tweeted.
On June 25, 2002, a huge blow hit…
all just predictions
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Is forex hard?
Stocks closed lower Tuesday, giving up earlier gains, as concerns such as rising rates and high inflation that knocked the market down last year continued to trouble investors in the new year.
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