Michael Burry, the Big Short hedge fund manager, and American investor, has resurfaced on Twitter after initially deleting his account due to his early prediction going wrong. Prior to his reappearance on Twitter, Michael Burry had tweeted “sell.” He had previously mentioned that though inflation is receding, investors should prepare for a spike in the future. He mentioned in his recent tweet that this time is different.
Michael Burry has reactivated his Twitter account after saying "Sell" and has now tweeted: pic.twitter.com/qpGeUPhEmJ
— unusual_whales (@unusual_whales) February 7, 2023
Michael Burry is reputable for his predictions regarding the financial markets, including cryptocurrencies. He has a divisive reputation in the world of investing. He makes notable predictions about the stock market and cryptocurrencies via his Twitter account.
In one of his previous tweets, Michael Burry claimed that while inflation had peaked, it was not the cycle’s final peak and that the CPI would likely fall, possibly to negative levels. It is also, by any definition, likely to see the US in recession in the second half of 2023. According to him, the Fed will cut and the government will stimulate. And we will have another inflation spike. He also added that it was not hard.
Michael Burry had also warned of the mother of all crashes. He proceeded to buy some individual stocks, like prison stock GEO, in the third quarter of 2022 after liquidating his whole portfolio. In one of his tweets from December, he mentioned that he was not short.
He is known for deactivating his account after his prediction goes wrong. This has led a lot of people to conclude that he lacks accountability. Many of his followers are so over his tactics. On February 7, he posted a chart with the caption, “This time is different.” People do not seem convinced due to his previous disappearance.
The chart shows the response of the FED to the market crash of the early 2000s. The federal funds rate was slashed from above 6% to below 2%, which resulted in a decline in the market meltdown.
Jim Cramer, an American television personality and former hedge fund manager, also aired his opinion on the chart, reiterating that it is a bull market.
A number of users are conflicted about what to believe because his caption, stating that this time is different, is vague. They are unsure if it is a good difference or a disastrous one. Many are beginning to think this is one of his many mechanisms to avoid taking responsibility if his prediction goes wrong again. Whatever the case may be, the mystery will unravel in the next couple of months.
