Posted 2/23/2021 07:25 (#8852475 - in reply to #8852189) Subject: RE: Michael Burry?
john holland - 2/22/2021 23:33
He almost went broke waiting for the market to prove him right last time. Since then, the fed has learned that they can fix a market collapse with the push of a button. Do you really think that they are going to let things fall apart while the politicians are screaming for action? Coming to Jesus and cleaning up the system would be the best thing long term but there is a lot of pain down that road. When was the last time you saw a politician talk about genuine sacrifice for the greater good?
BUT only as far not letting complete and utter disaster happen while we’re on the way back to normal. Once things get settled, then I anticipate loosening the reigns and letting things shake out. Probably will make for a steeper drop though.
Short term I’d guess a rotation out of tech to an extent and back to value to try to catch upswings in the stuff that was ignored while everybody chased gains in tech.