On the 31st January 2023, Michael Burry posted a very short tweet saying “Sell.”Since then, the market has been on an absolute rampage, up over 30% in that time.
Whether he was early or wrong remains to be seen, although you could argue that they’re the same thing. Regardless, it gives us another example of why you shouldn’t try and time the market.
Personally, I find it hard to believe that somebody that intelligent could be THAT wrong so I’m a bit bearish than most people now.
Thoughts?
by RedditRedditReddit30