‘Big Short’ Michael Burry’s stock market predictions
The post ‘Big Short’ Michael Burry’s stock market predictions appeared on BitcoinEthereumNews.com. Michael Burry is globally recognized for his investment decisions during the financial crisis in 2008, which earned him around $800 million in profits, putting the founder of the Scion Capital LLC hedge fund at the forefront of financial analysis and stock market predictions. During the crisis, Burry correctly anticipated the collapse of the subprime mortgage bond market, leading him to make substantial investments in credit default swaps against subprime deals he deemed risky. Interestingly, his prescience led to remarkable gains for his fund when the real estate bubble burst, catapulting Michael Burry as one of the few investors who profited during the downturn. Since then, the Scion Capital founder has made several stock market predictions followed by hundreds of thousands of investors eager to collect insights from one of the most recognized minds in the space. However, even Michael Burry has been proved wrong for some of these predictions. Michael Burry’s stock market predictions An S&P 500 (SPX) 1-week candles’ historical chart by Piranha Profits — described as one of the world’s leading online schools for investors and traders — shows some of Michael Burry’s stock market predictions in the last 8 years, since “The Big Short” movie was launched. In December 2015, Burry predicted a market crash would be coming in a few months. Despite seeing a slight drop a few weeks later, the stock market set a new local bottom and corrected right after to start a bull market that lasted more than two years until October 2018. During this mentioned bull market, the “Big Short” protagonist predicted a “global financial meltdown” was coming in May 2017. Michael Burry’s stock market predictions. Source: Piranha Profits Following the S&P 500 retracement in Q4 2018, the stock market continued its uptrend until the COVID-19 crash in early 2020. On that,…
The post ‘Big Short’ Michael Burry’s stock market predictions appeared on BitcoinEthereumNews.com.
Michael Burry is globally recognized for his investment decisions during the financial crisis in 2008, which earned him around $800 million in profits, putting the founder of the Scion Capital LLC hedge fund at the forefront of financial analysis and stock market predictions. During the crisis, Burry correctly anticipated the collapse of the subprime mortgage bond market, leading him to make substantial investments in credit default swaps against subprime deals he deemed risky. Interestingly, his prescience led to remarkable gains for his fund when the real estate bubble burst, catapulting Michael Burry as one of the few investors who profited during the downturn. Since then, the Scion Capital founder has made several stock market predictions followed by hundreds of thousands of investors eager to collect insights from one of the most recognized minds in the space. However, even Michael Burry has been proved wrong for some of these predictions. Michael Burry’s stock market predictions An S&P 500 (SPX) 1-week candles’ historical chart by Piranha Profits — described as one of the world’s leading online schools for investors and traders — shows some of Michael Burry’s stock market predictions in the last 8 years, since “The Big Short” movie was launched. In December 2015, Burry predicted a market crash would be coming in a few months. Despite seeing a slight drop a few weeks later, the stock market set a new local bottom and corrected right after to start a bull market that lasted more than two years until October 2018. During this mentioned bull market, the “Big Short” protagonist predicted a “global financial meltdown” was coming in May 2017. Michael Burry’s stock market predictions. Source: Piranha Profits Following the S&P 500 retracement in Q4 2018, the stock market continued its uptrend until the COVID-19 crash in early 2020. On that,…
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