ilmscore | Prediction Details
"Michael burry notes that dead cat bounces are the most epic. 12 of the top 20 NASDAQ one day rallies happened during the 78 drop from the 2000s top. 9 of the top 20 S&P 500 one day rallies happened during the 86 percent drop for the 1929 top. He also goes on to say that the Dow had 10 bear Market rallies so more than 10 percent before bottoming down 89 in 1929, suggesting that it's probably going to take some time before we hit the true bottom."
By Graham Stephan | October 19, 2022 | Pending
From video
It Started: The Worst Market Collapse In 50 Years | Michael Burry 00:02:33 - 00:02:59
Interpreted Prediction
Michael Burry suggests that current market rallies are 'dead cat bounces' and that the true market bottom is still a significant way off, referencing historical bear markets where rallies occurred before further declines.

Prediction Details

Topic
Stock Market Bottom

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