Legend Michael Burry Sold EVERY Stock He Owned, Except One
Source: rhendrikdwenz | Shutterstock Stocks have soared higher since mid-June. And technically speaking, this market rally looks like the “real deal.” Indeed, stocks have retraced 50% of their losses. And now the current rally that started in mid-June looks a lot like an exciting new bull market . (All new bull markets of the past were kickstarted by a 50% retracement.) But not all investors believe in this new bull market breakout. One particularly legendary investor – known especially for his market crash warnings – thinks stocks are doomed. And he’s putting his money where his mouth is. Dr. Michael Burry – best known for calling the 2008 financial crisis before anyone else – hates this current market rally. He’s taken to Twitter ( TWTR ) numerous times to warn investors that the stock market crash is actually just getting started. He’s not just blowing hot air. He really believes that – so much so, in fact, that he sold all his stock positions in Q2 of 2022. You read that right. The Big Short legend Michael Burry sold every stock he owned in the second quarter of 2022.
Legend Michael Burry Sold EVERY Stock He Owned, Except One
Source: rhendrikdwenz | Shutterstock Stocks have soared higher since mid-June. And technically speaking, this market rally looks like the “real deal.” Indeed, stocks have retraced 50% of their losses. And now the current rally that started in mid-June looks a lot like an exciting new bull market . (All new bull markets of the past were kickstarted by a 50% retracement.) But not all investors believe in this new bull market breakout. One particularly legendary investor – known especially for his market crash warnings – thinks stocks are doomed. And he’s putting his money where his mouth is. Dr. Michael Burry – best known for calling the 2008 financial crisis before anyone else – hates this current market rally. He’s taken to Twitter ( TWTR ) numerous times to warn investors that the stock market crash is actually just getting started. He’s not just blowing hot air. He really believes that – so much so, in fact, that he sold all his stock positions in Q2 of 2022. You read that right. The Big Short legend Michael Burry sold every stock he owned in the second quarter of 2022.