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'Big Short' investor Michael Burry hints the stock market could bottom within weeks - if this banking fiasco plays out like a previous one
11 days ago | By Business Insider
Michael Burry. Bloomberg TV
Michael Burry hinted stocks could bottom in weeks, based on how a past banking crisis played out.
The "Big Short" investor noted the "1907 Bankers' Panic" concluded in just three weeks.
Three US lenders folded last week, sparking fears of a banking-sector meltdown and financial crisis.
Michael Burry of "The Big Short" fame has hinted the US stock market could bottom within weeks, if history repeats itself. "In October 1907, Knickerbocker Trust failed due to risky bets, sparking a panic," Burry said in a now-deleted tweet on Wednesday. "Two others soon failed...
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