๐จ Michael Burry just opened new SHORT positions in
$CRWV, $MU, $PLTR, and $SOXX.
He said that AI spending is essentially circular financing with bubble risks like high infrastructure costs
But let's take a look at ALL his major market predictions since 2008:
2005: Predicted the collapse of the subprime mortgage market.
โ Housing crashed in 2008.
โ S&P 500 fell ~45% โ
Dec 2015: Predicted the stock market would crash within months.
โ S&P 500 rose 11% over the next 12 months โ
May 2017: Predicted a global financial meltdown.
โ S&P 500 rose 19% over the next 12 months โ
Sep 2019: Warned index ETFs had created a stock market bubble.
โ S&P 500 rose 15% over the next 12 months โ
Mar 2020: Revealed a massive bearish bet.
โ S&P 500 rose 72% over the next 12 months โ
Feb 2021: Warned of a speculative bubble and shorted Tesla.
โ S&P 500 rose 16% over the next 12 months โ
Sep 2022: Said more failures were coming and the bottom was not in.
โ S&P 500 rose 21% over the next 12 months โ
Jan 2023: Predicted a recession and another inflation wave. Posted one word: โSELL.โ
โ S&P 500 rose 25% over the next 12 months โ
May 2026: Said the stock market was โminutesโ away from a โbloodyโ crash.
โ S&P 500 rose 7.6% over the next 3 months โ
Michael Burry has now predicted 8 of the last 1 market crashes.