“‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’”
March 31, 2023
““Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. Burry is best known for his bet against the housing market ahead of the 2007 subprime mortgage collapse, which was featured in the book and movie “The Big Short.”…”
No he was right. You know why his prediction has not come to pass? Its because this isn’t the 1930’S anymore. I keep saying this. These mega banks do evil things and it’s harder for them to do it in this day and age. Did the ultra rich think they would be the only ones waiting for the market to crash?
I’m not the only one that knows this is how they make their money. Besides I’m here telling the whole world how they do it. CASH IS KING. Save it and buy after the market crash. That’s what you do.
Don’t listen do all this garbage about dollar inflation. That does not matter because your goal is not to save paper money. It’s to buy real assets at a heavily discounted price. That going to offset the inflation loss by a huge amount.
Also, to be honest with you, for those who left the stock market I would say it’s to soon to come back. It would be better to wait until early 2024 before re-entry in my humble opinion. For those who never left it’s a different story but if you’re not in I think it’s better to save and wait for now. Also when saving don’t put your money in mega banks. They are the ones that cause the problems. Use local banks. They are far less likely to gamble with your money.