‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’
“Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip.
“I was wrong to say sell,” Burry wrote on Twitter on Thursday.
Burry is best known for his bet against the housing market ahead of the 2007 subprime mortgage collapse, which was featured in the book and movie “The Big Short.”
His comment Thursday was referring to a Jan. 31 tweet that simply said “Sell.” The post had circulated widely online and was interpreted as a bearish call on the broader market from the investing celebrity. It was later deleted, as Burry tends to delete his posts.