Thursday, July 29

The Big Short

Features, Gary Shilling, Jeffrey Gundlach, Jeremy Grantham, Kevin O'Leary, Leon Cooperman, Markets, MI Exclusive, Michael Burry, Nouriel Roubini, Rich Dad Poor Dad, Robert Kiyosaki, Stanley Druckenmiller, The Big Short

Michael Burry, Jeremy Grantham, and other top investors are predicting an epic market crash. Here are their gravest warnings so far

Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. They're far from the only experts to warn that rampant speculation fueled by government-stimulus programs can't shore up asset prices forever.Billionaire investors Leon Cooperman, Stanley Druckenmiller, and Jeffrey Gundlach have also sounded the alarm. The same is true for "Shark Tank" star Kevin O'Leary, market prophet Gary Shilling, and "Rich Dad Poor Dad" author Robert Kiyosaki. Michael Burry Michael Burry. Getty Images/ Astrid Stawiarz Michael Burry described the state of markets in June as the "greatest speculative bubble of all time in all things," and warned that retail investors are buying into the hype around meme stocks and cryptocurrencies before the "mother of all crashes."...
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...
Bitcoin, cryptocurrency, Gamestop, Markets, Meme stocks, MI Exclusive, Michael Burry, Recession, Scion Asset Management, short squeeze, Stock market bubble, Tesla, The Big Short

‘Big Short’ investor Michael Burry warns the’mother of all crashes’ is coming-and predicts crypto and meme stocks will plummet

"The Big Short" investor Michael Burry. Getty Images/ Astrid Stawiarz Michael Burry predicted meme stocks and cryptocurrencies will plummet. "The Big Short" investor warned the "mother of all crashes" is coming. Burry pointed to excessive leverage as a major problem for crypto. See more stories on Insider's business page. Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned on Thursday."All hype/speculation is doing is drawing in retail before the mother of all crashes," the investor tweeted. "When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries."Burry added that people's fear of missing out has propelled asset prices to unsustainable leve...