Michael Burry: The stock market is in a denial phase; history repeats itself.
2026-10-06 16:39:11
CoinMeta Data: Michael Burry recently issued a warning about the stock market, stating that despite NASDAQ being near record highs, the market is still in a denial phase. He pointed out that markets in 2000 and 2008 experienced similar denial phases, which usually lasted for 6 to 9 months. Burry believes that investors see early market weakness as an opportunity to buy, rather than a turning point. Although the latest market data seems to contradict his view, he emphasizes that historical experience indicates that early market resilience often leads to deeper losses. Burry has also recently adjusted his investment strategy, shifting to bearish options on Micron, Nvidia, and Palantir. He believes that the market should experience sufficient declines to prevent the listing of OpenAI and Anthropic.
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Source:BeInCrypto
This content is for market information only and does not constitute investment advice.