Michael Burry of ‘Big Short’ fame says he was ‘wrong’ to tell investors to ‘sell’

[murray t turtle]

Learn to pick direction on your own. You must be your own guru.

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EXACTLY, especially since DOW\sdow = NOT same as QQQ or SPY, or oil stock sector.
Many smaller banks have much better customer service than BAC.
Of course most all banks are smaller than BAC LOL.
EVEN as stopped clock is right 2 times a day; strange most all WSJ, IBD + all clock ads have 10:10am or 10:10pm=strange.
I DONT think Hank done it his way\ hey
tell me one more time\
boy you finally got it made/are you sure Hank done it this way?? Hank William Song /a Tribute to My Dad

 

[M.W.]

WTF are you talking about? He told everyone to sell into a bottom in January, after which the market traded up almost 10%. Now he says he was wrong about it. Nothing wrong with admitting to be wrong, but that is the 10th or 11th time his calls were all wrong or extremely badly timed since the GFC.

Burry was actually right and caught the exact top, on February 2nd. So whoever followed him sold at the top of the year. (so far) From there the SPX dropped almost 400 points, or 10%.

Now we did bounce back from the 3800s lows, but that is another tale. The thread's title should be:

Michael Burry correctly predicts top, or

Burry is wrong about Burry

 

[vanzandt]

%%
EXACTLY, especially since DOW\sdow = NOT same as QQQ or SPY, or oil stock sector.
Many smaller banks have much better customer service than BAC.
Of course most all banks are smaller than BAC LOL.
EVEN as stopped clock is right 2 times a day; strange most all WSJ, IBD + all clock ads have 10:10am or 10:10pm=strange.
I DONT think Hank done it his way\ hey
tell me one more time\
boy you finally got it made/are you sure Hank done it this way?? Waylon Jennings Song /a Tribute to My Dad

Fixed that for ya.

 

[murray t turtle]

Fixed that for ya.

%%
Exactly+ glad you did not wait on some else to do it.
Not sure any investor or trader sold because a big short says to[or buys];
but then, i did not ask every investor + trader .
Even less\ if someone say to sell in a JAN bottom\LOL
Still /can be helpful to buy + sell some, in any month= less drawdowns;
turtles made so many billions with drawdowns/ pro courtesy suggests\
doin' different sometimes............................................

 

[Covertibility]

https://twitter.com/x/status/1658168344661352448

This is interesting.

 

[mervyn]

https://twitter.com/x/status/1658168344661352448

This is interesting.

I am sure he would cut losses and as I read he added heavy in BABA and JD in Q1.

 

[murray t turtle]

I am sure he would cut losses and as I read he added heavy in BABA and JD in Q1.

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Regional banks look much more interesting than JD as of close today

 

[mervyn]

%%
Regional banks look much more interesting than JD as of close today

Regionals will be “consolidated” into the majors at almost zero costs, this sector is a bad trade.

 

[murray t turtle]

Regionals will be “consolidated” into the majors at almost zero costs, this sector is a bad trade.

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Bad swing trade\
excellent day trades. Excellent regional bank customer service/
i guess the reason big bank [major] BAC is doing so lousy YTD\ lousy customer service.
SCHW[major] has excellent customer service, thier bank pays a bit lousy interest % LOL; but SCHW money market = good uptrend , no wonder/ full page major WSJ ad

 

[mervyn]

%%
Bad swing trade\
excellent day trades. Excellent regional bank customer service/
i guess the reason big bank [major] BAC is doing so lousy YTD\ lousy customer service.
SCHW[major] has excellent customer service, thier bank pays a bit lousy interest % LOL; but SCHW money market = good uptrend , no wonder/ full page major WSJ ad

Bought 500 shares of Schwab