A Crash Is Coming for Meme Shares, ‘Large Quick’ Investor Michael Burry Says – Funding Watch


  • “Large Quick” investor Michael Burry believes Reddit-favored meme shares are set to crash just like the dot-com and housing marketplace bubbles of earlier many years, Barron’s reported.
  • “We’re operating out of latest cash to be had to leap at the bandwagon,” Burry informed Barron’s.
  • Burry was once probably the most first traders to identify and make the most of the subprime loan disaster.

“The Large Quick” investor Michael Burry believes Reddit-favored meme shares are set to crash just like the dot-com and housing marketplace bubbles of earlier many years, Barron’s reported Friday.

“I don’t know when meme shares equivalent to this may crash, however we most probably shouldn’t have to attend too lengthy, as I consider the retail crowd is absolutely invested on this theme, and Wall Boulevard has jumped at the coattails,” Burry informed Barron’s.

“We’re operating out of latest cash to be had to leap at the bandwagon,” he added.

Burry was once probably the most first traders to identify and make the most of the subprime loan disaster, as profiled in the preferred e-book and film. He made headlines in 2019 after he stated he was once lengthy GameStop, however offered his stake all the way through the fourth quarter of remaining 12 months, earlier than the meme mania in January.

www.cnbc.com/2021/07/01/michael-burry-reportedly-says-meme-stocks-are-set-to-crash.html

 














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