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Burry Warns Market in Denial Phase
Michael Burry notes in early 2000 most stocks were in bear markets while indices rose, calling today's market denial too.
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By early 2000, 70-80% of stocks were in bear markets, and the indices continued to move higher.
I have a word for that. Denial.Quoting @michaeljburry: New Short Thoughts article - The AI Cloud Oligopoly, Stages of Grief & a Flashing Bear Indicator
Denial is most easily found in market breadth indicators. I follow one in particular that seems to give a strong signal every few decades. https://t.co/B0YQlk21zX
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From @cherubmacro, @hodl_tsla, @dmunjal and others. Spam removed, with English and Chinese translations.
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