The Big Short’s Michael Burry Predicts a Possible 1987-Style Drop and is Betting Against AI Giants Nvidia and Palantir. Should You Follow?
Investors have closely watched hedge fund manager Michael Burry’s moves in recent years. That’s after this top investor identified weakness in the U.S. housing market in the early 2000s, prior to the subprime crash — and placed bets that would bring in $700 million for his clients. In fact, Burry’s story later made it to the silver screen in the movie The Big Short.
Read MoreThe Burst
Market Commentary: S&P 500 4,200 Next?
Last Friday a crack in the markets occurred in the final 30 minutes of trading. Although the session had largely been positive as volatility was crushed early on, selling accelerated into the close. It’s always an ominous sign for the markets when the close heading into the weekend is weak.
A closer look at the long-term trend reveals where the ceiling for the market lies.
» Read more about: Market Commentary: S&P 500 4,200 Next? »
Read MoreThe Ivy
Zuck Plays Checkers, Cook Plays Chess
When Facebook first grew to prominence, a lot was made of how much attention per day Mark Zuckerberg’s company captured among users. It was common to see the average daily usage was close to a full hour per day per person.
Over time the scale of Facebook’s base proved astonishing. A full 1 billion users tapped into Facebook,
» Read more about: Zuck Plays Checkers, Cook Plays Chess »
Read More