So is Michael Burry losing money by shorting stocks like $NVIDIA(NVDA)$ and $Palantir Technologies Inc.(PLTR)$ or nailing it again?
Possibly both. His contrarian streak often looks wrong before it has been proven right. But this time the market is not collapsing. It is rotating to more value stocks.
I believe Michael Burry is calling out froth, not fleeing. His deregistration is a tactical retreat, not a surrender.
For me, the following week is about testing my conviction. If Big Tech like Nvidia and $Amazon.com(AMZN)$ are holding, it is time to nibble. If they are cracking, I would wait for the feast.
Michael Burry's warning will reinforce my conviction to buy resilient income generating assets to hold long term.
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