Menu

Michael Burry is not a believer: 'For any stocks going parabolic reduce positions almost entirely'
📰
0

Michael Burry is not a believer: 'For any stocks going parabolic reduce positions almost entirely'

CNBC·Yun Li·21 days ago
#iMbF1G6C
Reading 0:00
15s threshold

Michael Burry attends "The Big Short" New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City. Astrid Stawiarz | Getty Images Michael Burry urged investors to scale back exposure to surging technology stocks, saying the current market environment has reached historically dangerous extremes reminiscent of prior speculative bubbles. The famed investor, best known for predicting the 2008 housing collapse, said investors should "reject greed" as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher. "An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely," Burry wrote in a Sunday Substack post. Burry has been warning for months that the stock market's AI fixation increasingly resembles the final stages of the dot-com bubble .…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More