Michael Burry just dropped a cold take this morning:
"The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months."
Burry's calling it—markets are in denial right now. If history repeats like 2000 and 2008, we're looking at 6-9 months of this phase before reality sets in.
Not saying he's always right, but the man has a track record of seeing things others miss. Worth watching how this plays out over the next few quarters.
"The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months."
Burry's calling it—markets are in denial right now. If history repeats like 2000 and 2008, we're looking at 6-9 months of this phase before reality sets in.
Not saying he's always right, but the man has a track record of seeing things others miss. Worth watching how this plays out over the next few quarters.
