By Sam Boughedda
In new tweets, The Big Short investor Michael Burry said that he believes the market crash is in full swing and we have not hit the bottom yet.
Burry, in a now-deleted tweet, said late early Wednesday: “No, we have not hit bottom yet.”
“Watch for failures, then look for the bottom.”
“2 SPAC ETFs failing is not near enough.”
The SPACs Burry was referring to seem to be the Defiance Next Gen SPAC Derived ETF and the Morgan Creek – Exos SPAC Originated ETF, which closed last month.
Burry’s comments follow Tuesday’s tweet in which the well-known founder of hedge fund Scion Capital confirmed he believes we are now in the middle of a market crash.
“Crypto crash. Check Meme crash. Check. SPAC crash. Check. Inflation. Check. 2000. Check 2008. Check 2022. Check,” he wrote.