Yesterday, Michael Burry was trumpeting the next bubble—sending the NASDAQ down.
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Yesterday, Michael Burry was trumpeting the next bubble—sending the NASDAQ down. So are we on the edge of collapse?
Well, just one problem with that story: the market went up today.
“Dead cat bounce,” some might say. But not so fast.
Payrolls rose by 42,000 in October—well above expectations. And when payrolls rise, markets usually follow.
Are we in a bubble? Maybe. But any time someone claims certainty about the market—especially during a hype cycle—I get skeptical.
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