Michael Burry seems to think so.

My thoughts are the meme stocks with high short Interest will take down the entire market. Can’t force people to sell, and wall streets shenanigans are going public

Crash already happened imo

This, but many markets are still going through adjustment before regular folks will see it. For example, housing likely will be April 2023 and used auto within next few weeks.

This post was edited by RedFromWinter on Aug 12 2022 10:53am

It's not going to be a dramatic crash. Everybody is watching for it.

But I expect at least another 6 months of realignment

Michael burry has been short since July 2021… since then small caps have been absolutely decimated and large caps with sizeable hits

will continue to be volatile, good companies will prevail.

Retail has been holding record cash and short for the last 2 months. As long as that continues the market is going to act accordingly

With this said I raised cash today. Took profits off Uber, coin, and semis

^ Market will crash once retail starts buying in / stops shorting.

Q3 I believe will start to highlight issues across the broader market w/ Q4 and Q1 being negative. That is my current prediction.

Even Berkshire Hathaway took a hit

shorty is always short. so when he misses out of years of bull run and is correct for a few months of downturn he will claim “victory”

that said i wouldnt be surprised if there is a legit recession period
companies are planning for one