Michael Burry

2023 - 3 - 31

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Image courtesy of "New York Post"

Michael Burry was 'wrong to say sell' as Nasdaq 100 enters bull ... (New York Post)

Big Short” hedge fund boss Michael Burry admitted he was “wrong” after delivering an warning urging investors to dump their stocks earlier this year.

“There has been no BTFD generation like you,” Burry added in a follow-up tweet. [Burry tweeted at the time](https://nypost.com/2023/03/13/investor-michael-burry-blames-svb-crisis-on-hubris-and-greed/). Burry has issued repeated warnings for more than a year about the state of the US economy. He is known for frequently posting — and then deleting — his views on the market to his Twitter account, where he has amassed more than one million followers. [tweeting a single word](https://twitter.com/BurryArchive/status/1620574365128720388), “Sell,” ahead of the Federal Reserve’s policy meeting the following day. A bull market is defined as an increase of more than 20% or more from a recent low.

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Image courtesy of "Kitco NEWS"

Michael Burry: 'I was wrong to say sell' (Kitco NEWS)

"Going back to the 1920s, there has been no BTFD generation like you. Congratulations," Burry tweeted, citing investors who purchase stocks during selloff.

In 2019, the investor also made millions by purchasing shares of GameStop, which was well before the Reddit frenzy took over the stock. Burry is famous for spotting the mortgage crisis early and making a fortune against the U.S. was already in a recession "by any definition," adding that there would be another inflation spike as the Federal Reserve cuts rates again. And we will have another inflation spike." The S&P 500 Index was also on track to see its best week in two months. 1, congratulating buyers who bought the dip.

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Image courtesy of "U.Today"

'Big Short' Michael Burry Points out Phenomenon Market Has Not ... (U.Today)

This strategy, which involves purchasing assets during temporary market declines, has brought the biggest profits to investors since the beginning of the 20th ...

This suggests that the current generation of investors has been highly successful in capitalizing on market fluctuations and leveraging them to their advantage. In simple terms, the BTFD strategy encourages investors to view market downturns as opportunities to accumulate more of an asset at a lower price, with the expectation that the asset will eventually rebound and appreciate in value. [Michael Burry](https://twitter.com/michaeljburry/status/1641437220753031169), well-known investor and hedge fund manager, recently made a statement emphasizing the unique nature of the current market environment.

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Image courtesy of "ETF Stream"

Big Short's Michael Burry: 'I was wrong to say sell' (ETF Stream)

Burry, who founded Scion Asset Management, even congratulated investors on their dip-buying after the Nasdaq 100 entered a technical bull market after closing ...

“Now they are causing the recession to fight sticky inflation – and that makes rate cuts unlikely.” The world’s largest asset manager BlackRock also said it does not expect the Fed to cut rates this year amid concerns inflation is likely to stay stickier than current expectations. [in a standoff](https://www.etfstream.com/articles/floating-rate-bond-etfs-see-outflows-as-investors-forecast-interest-rate-cuts) with the market with chair Jerome Powell warning the central bank will not cut interest rates in 2023.

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Image courtesy of "Financial Express"

'Big Short' Michael Burry admits mistake as 2023 turning out to be ... (Financial Express)

Investors seem to have revised their allocations as a result of the banking instability. ... Michael Burry, tweeter, nasdaq, returns, bull market, stocks, invest, ...

Overall, 2023 is turning out to be the second best year for dip-buyers especially in the tech stocks that bore the maximum brunt in 2022. After a brief lull, the momentum continued in March and tech stocks are roaring back so far. Nasdaq 100 has entered a bull market and has made fortunes for the investors who bought the dip.

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Image courtesy of "Techstory"

Michael Burry admits his sell Bitcoin call was a mistake after price ... (Techstory)

Michael Burry is well-known as “The Big short” for his prediction of the financial crisis of 2008. During that time, he made billions of dollars and created ...

However, this time he didn’t take it to heart and accepted that he was wrong. In his latest tweet, Michael wrote that ‘I was wrong to say sell’, which is a pleasant surprise considering he has a reputation for finding bubbles in the market. He then also stated that if we look at the chart, 2023 has been a great year for buying the dip. He explained in his following tweets that the market had not seen a “but the dip” generation like this for the past century. During that time, he made billions of dollars and created a reputation for himself. Michael Burry is well-known as “The Big short” for his prediction of the financial crisis of 2008.

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Image courtesy of "Coinpedia"

Michael Burry Reverses Stance on Bitcoin (BTC) After Admitting ... (Coinpedia)

The cryptocurrency market has recently been experiencing a surge in prices, which has attracted investors to take advantage of the “buy the dip” trend.

In conclusion, Michael Burry’s recent admission highlights the importance of recognizing and adapting to market trends. The buy-the-dip strategy is a tried and true method of the successful investor. Prominent investor Michael Burry has recently shifted his outlook from negative to bullish, admitting that he was wrong to predict a sell-off in early February.

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Image courtesy of "Benzinga"

EXCLUSIVE: Was Michael Burry Actually Wrong When He Advised ... (Benzinga)

Professional trader and CFA charterholder Dennis Dick appeared on Benzinga Premarket Prep on Friday and reiterated a pessimistic view of the stock market, ...

The ETF that invests in U.S. "I still think there are some troubles ahead," the investor said. [Benzinga Premarket Prep](https://www.benzinga.com/premarket-prep/) on Friday and reiterated a pessimistic view of the stock market, arguing that Big Short's investor Michael Bury was actually right in his recommendation to sell.

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