Michael Burry's at it again—says the market's in denial right now.
For context, this is the guy who nailed the housing crash but has also called for doom about 58 other times that never came. His track record is... let's say selective.
Denial about what exactly? Probably overvaluation, stretched multiples, complacency around rates staying higher, or the fact that everyone's piling into the same mega-cap tech names.
Here's the thing: being early is the same as being wrong in markets. You can be right about the thesis and still lose money for years waiting.
Burry's usually pointing at something real—frothy sentiment, leverage, disconnect between fundamentals and price action. But timing is everything, and his timing has been off more than it's been on since 2008.
Watch what's actually happening: earnings, credit spreads, liquidity, Fed policy. Not just one guy's macro call, no matter how legendary the Netflix movie made him.
For context, this is the guy who nailed the housing crash but has also called for doom about 58 other times that never came. His track record is... let's say selective.
Denial about what exactly? Probably overvaluation, stretched multiples, complacency around rates staying higher, or the fact that everyone's piling into the same mega-cap tech names.
Here's the thing: being early is the same as being wrong in markets. You can be right about the thesis and still lose money for years waiting.
Burry's usually pointing at something real—frothy sentiment, leverage, disconnect between fundamentals and price action. But timing is everything, and his timing has been off more than it's been on since 2008.
Watch what's actually happening: earnings, credit spreads, liquidity, Fed policy. Not just one guy's macro call, no matter how legendary the Netflix movie made him.
