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'Big Short' investor Michael Burry is back on Twitter - and warning
of the biggest market bubble in history

Theron Mohamed
Jun. 15, 2021, 11:24 AM







Michael Burry big short Michael Burry.

Jim Spellman / Getty Images

  * Michael Burry said markets were in a bubble of unprecedented
    scale.
  * The "Big Short" investor tweeted his dire warning after a 10-week
    break from Twitter.
  * Burry has flagged reckless speculation on Tesla stock, bitcoin,
    and other assets.
  * Sign up here for our daily newsletter, 10 Things Before the
    Opening Bell.

Michael Burry on Tuesday warned of the biggest market bubble in
history, suggesting that his concerns about rampant speculation only
grew during his 10-week hiatus from Twitter.

"People always ask me what is going on in the markets," the investor
tweeted. "It is simple. Greatest Speculative Bubble of All Time in
All Things. By two orders of magnitude. #FlyingPigs360."

The hashtag was likely a reference to a famous saying in investing:
"Bulls make money, bears make money, but pigs get slaughtered." Burry
has repeatedly told investors that they're being too greedy,
speculating wildly, shouldering too much risk, and chasing
unrealistic returns.

The Scion Asset Management chief deleted his Twitter profile in early
April after sounding the alarm on Tesla stock - which he's short - as
well as GameStop, bitcoin, dogecoin, Robinhood, SPACs, inflation, and
the broader stock market. He resumed tweeting on Monday.

Read more: These 5 stocks are prime candidates for an explosive
AMC-style short squeeze right now, according to data from Fintel

Burry is best known for his billion-dollar bet against the US housing
bubble in the mid-2000s, which was immortalized in the book and the
movie "The Big Short." He also helped lay the groundwork for
GameStop's comeback this year, as he bought a stake in the video-game
retailer in 2019 and wrote several letters to its board.

The investor, who has complained many times about his warnings being
ignored, has "Cassandra" as his display name on Twitter, a reference
to the priestess from Greek mythology who was cursed by the gods to
share true prophecies but never to be believed.

Burry's latest tweet echoed his other cautions. For example, he's
compared the hype around bitcoin, electric vehicles, and meme stocks
to the dot-com and housing bubbles and said earlier this year that
the stock market was "dancing on a knife's edge."

Read the original article on Business Insider
SEE ALSO: Lumber prices have further to slide as speculation dies
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