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🤯 Michael Burry predicts a possible major crash in the US stock market.
The legendary investor who predicted the 2008 crisis is once again sounding the alarm. The American stock market may face a drop that could surpass the dot-com crash of 2000.
Reasons:
— Shares of tech giants and AI startups are unjustifiably high—their valuations do not match their actual profits.
— More than half of all stocks in the US are now held in passive funds (ETFs and indexes). This means there are fewer active investors in the market who could analyze companies and prevent panic.
— Nvidia, Palantir, and other "AI stars" have risen not due to real results, but because of hype. When the interest fades, the consequences could be painful (AI market bubble).
— Some companies are manipulating their financial reports to hide their real problems.
— Michael Burry sees parallels with previous bubbles: the market once again believes that the old economic rules no longer apply.
— If a market crash begins, we are not looking at a short-term correction, but a prolonged decline that could last for years.
Let us remind you that Michael Burry's success story was the basis for the movie "The Big Short" (Big Short).
P.S. Remember that 99% of cryptocurrency is a scam that dreams of taking your hard-earned money!!!