Michael Burry Admits Mistake, Congratulates Dip Buyers and Hints at Market Rally
TL;DR
Michael Burry, the hedge-fund manager famous for predicting the 2008 financial crisis, admitted he was "wrong" to advise investors to sell stocks two months ago. Burry had issued a one-word tweet on Jan. 31 advising his followers to "sell" after a strong January run-up in the stock market. However, U.S. stocks proved resilient in March, despite fears of an economic downturn and a decline in corporate earnings. Burry also criticized contemporary traders for continuing to "buy the dip" in U.S. stocks.
- Michael Burry of 'Big Short' fame says he was 'wrong' to tell investors to 'sell' MarketWatch
- 'Big Short' Investor Michael Burry Congratulates Stock Market Dip Buyers Barron's
- Should I Buy The Dip? Michael Burry of Big Short Fame Congratulates Dip Buyers Bloomberg
- Big Short Michael Burry Hints At Market Rally, Claims He Was "Wrong" CoinGape
- 'Big Short' Michael Burry Sends a Positive Message to Investors TheStreet
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