"The Big Short" Michael Burry Believes We're Halfway Through Bearmarket

[MrD]

The founder of Scion Asset Management and the hero of "The Big Short" movie told subscribers to his official Twitter account that the market could enter the second part of the bearmarket and plunge once again following earnings compression.

Previously, Burry warned that the Federal Reserve should reverse itself on key rates and quantitative easing to avoid aggravating inflation and the worsening of the economic state of the country.

The famous bear made his first warnings back at the beginning of 2022, telling his subscribers that the market might face the biggest correction in its history. His words aged pretty well as the S&P 500 suffered its worst first half since the Nixon administration.

https://u.today/the-big-short-michael-burry-believes-were-halfway-through-bearmarket