- Michael Burry deleted his Twitter profile a day after tweeting a single word: “Sell.”
- The “Big Short” investor has quit Twitter several times before, often after his tweets went viral.
- Burry has predicted an inflation resurgence, a stock-market crash, and a multiyear recession.
Michael Burry actually has a flair for the dramatic. The fund manager of “The Big Short” fame deleted his Twitter profile on Wednesday, a day after issuing an ominous, one-word message to investors: “Sell.”
“This account doesn’t exist” is now the message displayed on Burry’s account page. The investor has quit Elon Musk’s social-media platform multiple times over the past two years, typically when his tweeting attracts significant media coverage and public attention.
For instance, Burry took down his Twitter profile in November after his criticism of Musk led the Tesla CEO to call him a “broken clock.” He also left the web site in June 2021, shortly after diagnosing the “best speculative bubble of all time in all things,” and warning buyers of meme stocks and cryptocurrencies they were headed for the “mother of all crashes.”
As well as to often departing Twitter, Burry habitually deletes his tweets. His aim is to stop bots and promoters of meme stocks and cryptocurrencies from replying and reaching his 1.3 million Twitter followers, he explained in October 2021.
Investors may interpret the Scion Asset Management’s latest takedown as a foul sign, especially after his tweet about selling. Burry has previously warned the benchmark S&P 500 index could plunge by greater than 50% from its current level to around 1,900 points. He’s also cautioned inflation might rear its head again once the Federal Reserve stops climbing rates of interest and begins cutting them, and suggested the US economy could suffer a multiyear recession.
The contrarian investor hasn’t been afraid to back up his bearish predictions. He bet against high-flying Tesla stock and Cathie Wood’s Ark Innovation fund in 2021, and virtually liquidated his US stock portfolio within the second quarter of last yr.
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