$SPY
Michael Burry of The Big Short has just come out to warn that S&P 500 is headed down the same road as the 1987 crash. This US stock rally to new highs will most likely first lure all the hot money from retail investors into the market, only to pull off a major reversal afterward. Looking at the way the market is acting—this kind of high-level carnival—it really feels like some seasoned funds have already started quietly taking profits in the shadows
Michael Burry of The Big Short has just come out to warn that S&P 500 is headed down the same road as the 1987 crash. This US stock rally to new highs will most likely first lure all the hot money from retail investors into the market, only to pull off a major reversal afterward. Looking at the way the market is acting—this kind of high-level carnival—it really feels like some seasoned funds have already started quietly taking profits in the shadows