Michael Burry, the founder of Scion Asset Management who was made famous by Christian Bale in the movie “The Big Short,” said on Twitter that the first half declines in equity markets this year were “multiple compression” and following this will be earnings compression.
‘The Big Short’ investor Michael Burry who predicted the 2007 subprime mortgage crisis says he thinks “we are about halfway through the fall.”
The S&P 500 SPY has fallen 20% so far this year. Do you agree that SPY might bottom out at about -40%?
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