Michael Burry scared millions of investors. Sell, he announced in a cryptic message

Michael Burry can come across as odd and a bit deranged quite often. But he can't deny that the results are behind him. But this time he has scared investors even more than usual.

The author of perhaps the most interesting tweet this week is none other than the founder of Scion Asset Management - Michael Burry. He probably needs no further introduction, but he is best known for his bet on the collapse of the US housing market that led to the 2008 financial crisis.

That made him a man who definitely needs to be listened to. On the other hand, he has been tarnishing his reputation of late, because he has been declaring disaster for quite a long time and quite often - which makes it clear that one day he will get away with it. But he often has good reasons for doing so. He just may not be very good at communicating them. And this time is no different.

https://www.youtube.com/watch?v=qL-CZWc3RME&t=1s