https://www.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html
This person has been predicting a crash for the last 5 years and apologized in January when he predicted a crash and nothing happened
People only listen to what they want to hear
Hard to predict when it’ll happen, because they can keep the scam going but he’s trying too hard to be rational. It’s obvious our economy is a giant Ponzi scheme…we have 33 trillion in debt and you’d have to be stupid if you think we can ever pay it off. Dilution is the way
Will there be a crash? Probably sometime. But where does that $$$ go? There isn’t really a lot of other places for you to put your investments (HYSA, CD, gold, real-estate, foreign account?) Likely all the cash that gets pulled out will end up sitting in the investment account and will be reinvested in stocks after people think it “bottomed” then it will go back up again. Unless you need the $ in next 1-2 years, not sure you can or should do much.
This
There isn’t a lot of other places?????? Sitting in the investment account??! Either you are an amateur or lazy to move your investment around :) Why would someone not invest in high yield bonds or savings and get 4% instead of sitting on their stocks and see it go down 20-30% for the next 2 years - if they anticipate the market to go down?
Market has gone red from late July. Typical august every year
Doesn’t matter. Invest what you can lose and dollar cost average. Do not try to time crashes.
It goes down when you are least expecting it to do so
What do you define as "crash?"
NO. The weight of the evidence does not suggest this. In fact, it suggests that we are close to a bottom and will be confirmed before end of August. My guess is the market will be direction-less for quite some time. Source: I am a technical trader.
"maybe" is the only correct answer for predicting the future of the market
He also sold everything last year and missed the crazy ytd bull market. He is as clueless as everyone else.
Market timing fools
https://seekingalpha.com/article/4293831-microsoft-lessons-from-lost-decade
Paywalled