Friday, July 30

Financial Crisis

AMC Entertainment, dot-com bubble, Financial Crisis, Gamestop, Housing Bubble, Markets, Meme stocks, MI Exclusive, Michael Burry, Scion Asset Management, The Big Short

‘Big Short’ investor Michael Burry compared the meme-stock craze to the dot-com and housing bubbles — and warned of an impending crash

Michael Burry said the meme-stock craze reminded him of the dot-com and housing bubbles. "The Big Short" investor predicted the buying frenzy would end in a brutal crash. Burry also explained why becoming a meme stock can be a huge boon for a company. LoadingSomething is loading. ...
AMC Entertainment, dot-com bubble, Financial Crisis, Gamestop, Housing Bubble, Markets, Meme stocks, MI Exclusive, Michael Burry, Scion Asset Management, The Big Short

‘Big Short’ investor Michael Burry compared the meme-stock craze to the dot-com and housing bubbles-and warned of an impending crash

Michael Burry. Photo by Kevin Mazur/WireImage Michael Burry said the meme-stock craze reminded him of the dot-com and housing bubbles. "The Big Short" investor predicted the buying frenzy would end in a brutal crash. Burry also explained why becoming a meme stock can be a huge boon for a company. See more stories on Insider's business page. Michael Burry warned the frenzied buying of meme stocks reminded him of the dot-com boom and housing bubble in a recent Barron's interview, and predicted the social-media favorites would plummet in value soon.The Scion Asset Management chief noted the people who went all-in on technology stocks at the turn of century, and those who took out massive loans to buy multiple homes in the mid-2000s, didn't expect the good times to end. Meme -stock i...