Investor Michael Burry warns of biggest market bubble in history as he returns to Twitter

American investor Michael Burry, who shot to fame in global financial crisis of a dece-and-a-half ago, on June 15 warned of “greatest speculative bubble” in history of stock markets. he of hedge fund Scion Capital and also one of most respected money managers on Wall Street rejoined microblogging platform only recently to make a bold statement on Tuesday with hashtag #FlyingPigs360 which appeared to a reference to a famous saying in investing. 

saying goes, “Bulls make money, bears make money, but pigs get slaughtered.” Burry’s latest tweet came after he repeatedly flagged that investors have grown more greedy and hence, shouldering risk as y are seeking unrealistic returns. 2015 film ‘ Big Short’ investor h deleted his Twitter account in early April after flagging Tesla stock, which he is short along with GameStop, bitcoin, dogecoin, Robinhood, SPACs, inflation, and broer stock market. He only started tweeting again on June 14.

Who is Michael Burry?

American investor Burry is most popular for his billion-dollar bet against United States housing bubble back in mid-2000s which eventually took form of a book and a movie in which his character was played by actor Christian Bale. Burry was one of only fund managers in country who witnessed canaries in coal mine of doomed US housing market in 2006 and 2007. While investing in same, he lost millions of dollars and many of his investors. However, he emerged to make billions when housing sector collapsed and triggered global financial crisis. 

Born in San Jose, California on June 19, 1971, Burry has often weighed in on so-called ‘meme stocks,’ term that has now emerged to describe companies with share prices that have been caught up in social media-fuelled buying trends. As per Motley Fool, term encompasses shares such as GameStop Corp, AMC Entertainment Holdings Inc and BlackBerry Ltd. Previously, Burry has compared social media hype around bitcoin, electric vehicles and or such stocks to dot-com and housing bubbles. He has said earlier this year that stock market was “dancing on a knife’s edge.”

IMAGE: AP/@dividendc2-Twitter