Do you agree that the S&P 500 SPY might bottom out at about -40%? via /r/wallstreetbets #stocks #wallstreetbets #investing


Do you agree that the S&P 500 SPY might bottom out at about -40%?

Michael Burry, the founder of Scion Asset Management who was made famous by Christian Bale in the movie “The Big Short,” said on Twitter that the first half declines in equity markets this year were “multiple compression” and following this will be earnings compression.

https://www.bloomberg.com/news/articles/2022-06-30/scion-s-burry-thinks-we-may-be-about-halfway-through-market-fall?srnd=premium

https://preview.redd.it/7kwqe7wy5k991.jpg?width=828&format=pjpg&auto=webp&s=f40f6aac4c4cde409ac14e26077f947762898025

‘The Big Short’ investor Michael Burry who predicted the 2007 subprime mortgage crisis says he thinks "we are about halfway through the fall."

The S&P 500 SPY has fallen 20% so far this year. Do you agree that SPY might bottom out at about -40%?

Submitted July 04, 2022 at 04:05PM by predictany007
via reddit https://ift.tt/muCreA1