Michael Burry calling the top again 👀
"The stock market is quite obviously in its first stage of grief, denial"
His thesis: Both 2000 dot-com crash and 2008 GFC saw denial phases lasting 6-9 months before the real dump
Meanwhile $SPX just hit ATH at 7,835 with market cap crossing $71T
Classic setup: euphoria at peak, perma-bears getting louder, liquidity still flowing
Burry's track record speaks for itself but timing tops is a widow-maker trade
Watch for:
- Fed pivot signals
- Credit spreads widening
- Crypto correlation breaking down
If macro cracks, risk-off flows hit crypto first and hardest
Stay liquid, don't get caught overlevered when the music stops
"The stock market is quite obviously in its first stage of grief, denial"
His thesis: Both 2000 dot-com crash and 2008 GFC saw denial phases lasting 6-9 months before the real dump
Meanwhile $SPX just hit ATH at 7,835 with market cap crossing $71T
Classic setup: euphoria at peak, perma-bears getting louder, liquidity still flowing
Burry's track record speaks for itself but timing tops is a widow-maker trade
Watch for:
- Fed pivot signals
- Credit spreads widening
- Crypto correlation breaking down
If macro cracks, risk-off flows hit crypto first and hardest
Stay liquid, don't get caught overlevered when the music stops
