Michael Burry from Big Short says he said wrongly sold

Michael Burry from Big Short says he said wrongly sold

The famous American investor Michael Burry, the predicted the 2008 financial crisis, has withdrawn his explanation in which he said his Twitter followers.

its interest bully trend reversal follows for years that the financial markets have continued to reach lower lows since its climax in 2021.

berry turns bullish?

on Thursday Burry reactivated his Twitter account-which he frequently deleted-to make it short

- Kassandra BC (@Michaeljburry) 30. March 2023

On January 31, Burry released a one-word tweet in which he said to his supporters: "Sell" and deleted his account shortly after. Since then he has often reactivated and removed the account to publish other financial forecasts-including those that refer to the US banking sector at the beginning of this month.

On March 12th-the day on which the Federal Reserve announced a complete rescue operation for the Silicon Valley Bank-Burry compared 2008. "People full of hybris and greed take stupid risks and fail," he said. "Then money is printed. Because it works so well."

the next day, burry claims that the banking crisis can "loosen up" very quickly "and that he does not see any" true danger "in the market. Last week, he called The chairman of the US Federal Reserve, Jerome Powell, should have told the markets at his press conference," I don't know "after the central bank had raised its key interest rates by another 25 basic points.

Although he is known to often predict financial disasters (on which his route record is not perfect), Burry followed his correction on Thursday with a confirms his change to bull mode. "Since the 1920s there has been no BTFD generation like her," he wrote, while he shared a graphic, shows the increasing average stock market returns after bad days.

Back to the 1920s there was no BTFD generation like her. Congratulations. pic.twitter.com/iagn0cqmjd

- Kassandra BC (@Michaeljburry) 30. March 2023

When the Fed started to announce programs this month to provide the banking sector with additional liquidity, the Bitcoin bulls celebrated what they called a new form of money printing. Bitmex co-founder Arthur Hayes tells Investors should "buy the pivot", while you should describe the central bank's bank as a "newly packaged" interest rate role.

After the collapse of FTX in November, Burry gave should stay away from the crypto sector instead. The gold price has resurrected around 10 % since the beginning of Bitcoin has risen by 69 %.

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