Michael Burry, the founding father of Scion Asset Control who was once made well-known via Christian Bale within the film “The Large Brief,” mentioned on Twitter that the primary part declines in fairness markets this 12 months have been “more than one compression” and following this shall be profits compression.
‘The Large Brief’ investor Michael Burry who predicted the 2007 subprime loan disaster says he thinks “we’re about midway in the course of the fall.”
The S&P 500 SPY has fallen 20% up to now this 12 months. Do you settle that SPY may backside out at about -40%?
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