All the wise men of America are warning of tough times for Americans in months to come, especially for business owners and stock market participants. For example Oracle of Omaha Warren Buffet, Worlds most influential Economist Jeremy Grantham, Legendary Investor Charlie Munger, CEO of JP Morgan Chase Jamie Dimon and the famed investment guru Michael Burry, all are predicting tough times ahead. They are of the opinion that the United States economy is deteriorating fast due to persistently rising inflation, a potential recession, collapsing housing market, an interminable war in Eastern Europe, supply chain interruptions and so much more happening around us.
But regular predictions of Michael Burry are very interesting and have 95% success rate. On august 12 2022 he warned investors that bear market rally is almost complete and we are heading for new bottom and you would be surprised to know that since that date market is down almost 17%. Next support level is 10000 and after that 7000 for nasdaq. He cunningly sold 99% of his holding before this dead cat bounce rally ended.
As Dr. Michael Burry says, it’s like doomsday is coming. But this is not the purpose of this video. We will also discuss how to survive in these tough economic times. Like Burry cunningly sold 99% of his holding before this dead cat bounce rally ended.
Hello everyone and welcome back to my channel. while the world is entering into a recession, we have some pieces of advice by Michael Burry to help us survive the 2022 market crash. So, let’s see what he says about the current condition of the US economy and how to survive that.
Burry is clearly of the opinion that the American market is standing on the knifes edge. He sees some significant overvaluation. Burry says now the times are more exuberant than before. When he says more, he means more conjecture than in the 1920s, more overvaluation than in the 1990s, and more economic and geopolitical conflict than in the 1970s. He foresaw that stocks will experience “the mother of all collapses” more than a year ago and hence he issued his most recent caution with a graph displaying the S&P 500’s precipitous slide since reaching an all-time high in January. And he believes that more is coming.
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