Legendary ‘Big Short’ investor Michael Burry issues an ominous warning after the latest stock market rally: ‘Sell.’

A one-word, since-deleted tweet. Two months later Burry admitted he “was wrong to say sell”, as the Nasdaq-100 had entered a bull market.

Burry is known for spotting bubbles, and he’s worried stocks are still in the midst of one—despite the drop in 2022.

Quotes

„Sell.”

Michael Burry · Fortune, 02/01/2023

Nasdaq-100, level on the day of the warning: 12,102 (01/31/2023)

1 mo. after the warning	3 mo. after the warning	6 mo. after the warning	12 mo. after the warning	to date	Largest drop within 12 months
+1.6%	+9.3%	+30.2%	+41.6%	+123.0%	−2.2%

Nasdaq-100 Scare level on the day of the warning