'Big Short' Investor Warns US Stocks are Overvalued & Could Plummet at Any TimeMichael Burry, famous for foretelling the housing market collapse of 2008, cautioned US stocks are hugely overvalued and could easily plummet in price.
"Nigh perched with a multiple problem," he said in a now-deleted tweet - after he earlier claimed the market will see "the mother of all crashes.”
“The Big Short” investor noted the S&P 500’s price-to-sales ratio has nearly doubled in 10 years, and could be another historic market bubble.
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