Finance

Michael Burry reportedly says meme stocks are set to crash

0


Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

Jim Spellman | WireImage | Getty Images

“The Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of previous decades, Barron’s reported Friday.

“I don’t know when meme stocks such as this will crash, but we probably do not have to wait too long, as I believe the retail crowd is fully invested in this theme, and Wall Street has jumped on the coattails,” Burry told Barron’s.

“We’re running out of new money available to jump on the bandwagon,” he added.

Burry was one of the first investors to spot and…



Source cnbc.com

Warehouse demand at unprecedented levels in cities like Savannah: JLL

Previous article

U.S weekly jobless claims total hits new pandemic-era low of 364,000

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance