Fundamentals supporting curren

2022-08-07

Fundamentals supporting current market bullish trend are totally unfounded. Companies earnings reported for this month are made for the previous period before the announcement of rate hikes hence it shouldn't be use as a yardstick for future earnings. In fact, Micheal is right, it is a last hurray before earnings start to go south so investors should be beware. [sigh]

Silliness Is Back: Michael Burry’s Latest Tweet Warns of Further Market Downturn

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

matthew_more
2022-08-07
matthew_more
Me too, is a FIRE practitioner, I scrimp on every cents to achieve that goal. It is a personal choice and FIRE is NOT for everyone.
And i share my tips and tricks in my youtube channel sgFIREmovement.
Thalos
2022-08-07
Thalos
Not all stocks respond to the fact sheet of earnings. I observe only high volatility around the earnings, then everything else depends on market sentiment
第N次大变革大分流
2022-08-07
第N次大变革大分流
可能还涨几天
lucash
2022-08-07
lucash
thanks for sharing!
涵涵hh
2022-08-07
涵涵hh
Tks for sharing
sugizoi4u
2022-08-07
sugizoi4u
Thanks for sharing

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9905893761,"tweetId":"9905893761","gmtCreate":1659845062456,"gmtModify":1703767045904,"author":{"id":4087182159149440,"authorId":4087182159149440,"authorIdStr":"4087182159149440","name":"Moonshot","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.27","exceedPercentage":"61.00%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Fundamentals supporting current market bullish trend are totally unfounded. Companies earnings reported for this month are made for the previous&nbsp;period before the announcement of rate hikes hence it shouldn't&nbsp;be use as a yardstick for future earnings. In fact, Micheal is right, it is a last hurray before earnings start to go south so investors should be beware.&nbsp;[sigh]&nbsp;</body></html>","htmlText":"<html><head></head><body>Fundamentals supporting current market bullish trend are totally unfounded. Companies earnings reported for this month are made for the previous&nbsp;period before the announcement of rate hikes hence it shouldn't&nbsp;be use as a yardstick for future earnings. In fact, Micheal is right, it is a last hurray before earnings start to go south so investors should be beware.&nbsp;[sigh]&nbsp;</body></html>","text":"Fundamentals supporting current market bullish trend are totally unfounded. Companies earnings reported for this month are made for the previous period before the announcement of rate hikes hence it shouldn't be use as a yardstick for future earnings. In fact, Micheal is right, it is a last hurray before earnings start to go south so investors should be beware. [sigh]","highlighted":2,"essential":1,"paper":1,"likeSize":58,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9905893761","repostId":1175124505,"repostType":4,"repost":{"id":"1175124505","pubTimestamp":1659839638,"share":"https://www.laohu8.com/m/news/1175124505?lang=&edition=full","pubTime":"2022-08-07 10:33","market":"other","language":"en","title":"Silliness Is Back: Michael Burry’s Latest Tweet Warns of Further Market Downturn","url":"https://stock-news.laohu8.com/highlight/detail?id=1175124505","media":"InvestorPlace","summary":"Famed hedge fund manager Michael Burry again tweeted a warning to investors, noting “Silliness is ba","content":"<html><head></head><body><ul><li>Famed hedge fund manager Michael Burry again tweeted a warning to investors, noting “Silliness is back.”</li><li>Several days ago, Burry cautioned that recent earnings reports have a “Last Hurrah” feel.</li><li>Granular economic indicators suggest the alarm bells may have some justification.</li></ul>Scion Asset Management founder and manager Michael Burry made waves yesterday in a now-deleted tweet, urging investors to be cautious about the general optimism in the market today. Though the benchmark SPDR S&amp;P 500 ETF Trust(NYSEARCA:SPY) is down double digits for the year, it’s up around 8% in the trailing month. The investor whose bearish exploits were given the Hollywood treatment in The Big Short has attracted criticism, yet also interest.Writing in his usual cryptic style, Michael Burry appears to be suggesting excessive euphoria is a sign of an impending reality check, mentioning several events and time periods in U.S. history that featured a general transition from bullishness to bearishness. He stated:<blockquote>“The Silliness is back. After 1929, after 1968, after 2000, after 2008, the strain of Silliness that transformed bulls into bubbles completely and utterly disappeared. But that familiar COVID-era Silliness is not dead yet. Like 2001 before Enron, before 9/11, before WorldCom.”</blockquote>Still, Bloomberg notes it’s not entirely clear what exactly Michael Burry is getting at. It notes the hedge fund manager is comparing “this period in markets to 2001 before the Sept. 11 terrorist attacks and the Enron and WorldCom scandals, when the dot-com bubble was unwinding.”Earlier, on July 27, Burry declared in another deleted tweet, “These earnings reports and by Jove the whole season have a ‘Last Hurrah’ feel.” Still, economic indicators within the granularity suggest investors ought to pay attention, even if they don’t agree with the net bearish projection.Jobs and Debt in Focus Amid the Michael Burry TweetInterestingly, Burry launched his latest obscure warning a day before the U.S. Bureau of Labor Statistics released its report on theemployment situationfor July 2022. In this case, the economy added ablistering 528,000 new jobs, blowing past the consensus estimate of 258,000 jobs and sending the unemployment level back down to pre-pandemic levels.On the surface, such news should generate optimism in the equities sector, showing the pandemic-burdened economy is on the comeback trail. However, the Federal Reserve is likely to view this development as a negative because of the inflationary implications of rising wages. Thus, the Fed may need to be more aggressive with its monetary tightening policy.Sandwiching the aforementioned Burry tweet is another shocking development, this time with pointedly bearish implications. On Aug. 2, The Hill reported more than 70% of millennials “have some form of non-mortgage debt, with the average millennial owing $117,000.” Further, the article states “the most common type of debt was credit card debt, with 67 percent of millennials having some amount of debt on a credit card.”To be fair, 63% of affected survey respondents believe they can pay off their debt over the next one to five years. Still, if young people continue to borrow money in a rising interest rate environment – and should the unwinding of some jobs(particularly in the technology space) continue to accelerate – Burry might not appear to be a worrywart.No Stranger to ControversyOver the years, Michael Burry has demonstrated little restraint in stirring the social media pot with his contrarian opinions. The hedge fund manager has garnered a reputation for pessimism, earlier this year warning about the bullwhip effect in retail and multiple compression that may portend a broader market correction.Nevertheless, it’s not fair to imply Burry exclusively promotes bearish arguments. Indeed, in 2019, he made an outlandishly bullish bet on a particular company that would epitomize the current meme-stock phenomenon. Therefore, whatever you think of him, it’s wise to at least pay attention.</body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Silliness Is Back: Michael Burry’s Latest Tweet Warns of Further Market Downturn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSilliness Is Back: Michael Burry’s Latest Tweet Warns of Further Market Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-07 10:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/silliness-is-back-michael-burry-latest-tweet-warns-market-downturn/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFamed hedge fund manager Michael Burry again tweeted a warning to investors, noting “Silliness is back.”Several days ago, Burry cautioned that recent earnings reports have a “Last Hurrah” feel....\n\n<a href=\"https://investorplace.com/2022/08/silliness-is-back-michael-burry-latest-tweet-warns-market-downturn/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://investorplace.com/2022/08/silliness-is-back-michael-burry-latest-tweet-warns-market-downturn/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175124505","content_text":"Famed hedge fund manager Michael Burry again tweeted a warning to investors, noting “Silliness is back.”Several days ago, Burry cautioned that recent earnings reports have a “Last Hurrah” feel.Granular economic indicators suggest the alarm bells may have some justification.Scion Asset Management founder and manager Michael Burry made waves yesterday in a now-deleted tweet, urging investors to be cautious about the general optimism in the market today. Though the benchmark SPDR S&P 500 ETF Trust(NYSEARCA:SPY) is down double digits for the year, it’s up around 8% in the trailing month. The investor whose bearish exploits were given the Hollywood treatment in The Big Short has attracted criticism, yet also interest.Writing in his usual cryptic style, Michael Burry appears to be suggesting excessive euphoria is a sign of an impending reality check, mentioning several events and time periods in U.S. history that featured a general transition from bullishness to bearishness. He stated:“The Silliness is back. After 1929, after 1968, after 2000, after 2008, the strain of Silliness that transformed bulls into bubbles completely and utterly disappeared. But that familiar COVID-era Silliness is not dead yet. Like 2001 before Enron, before 9/11, before WorldCom.”Still, Bloomberg notes it’s not entirely clear what exactly Michael Burry is getting at. It notes the hedge fund manager is comparing “this period in markets to 2001 before the Sept. 11 terrorist attacks and the Enron and WorldCom scandals, when the dot-com bubble was unwinding.”Earlier, on July 27, Burry declared in another deleted tweet, “These earnings reports and by Jove the whole season have a ‘Last Hurrah’ feel.” Still, economic indicators within the granularity suggest investors ought to pay attention, even if they don’t agree with the net bearish projection.Jobs and Debt in Focus Amid the Michael Burry TweetInterestingly, Burry launched his latest obscure warning a day before the U.S. Bureau of Labor Statistics released its report on theemployment situationfor July 2022. In this case, the economy added ablistering 528,000 new jobs, blowing past the consensus estimate of 258,000 jobs and sending the unemployment level back down to pre-pandemic levels.On the surface, such news should generate optimism in the equities sector, showing the pandemic-burdened economy is on the comeback trail. However, the Federal Reserve is likely to view this development as a negative because of the inflationary implications of rising wages. Thus, the Fed may need to be more aggressive with its monetary tightening policy.Sandwiching the aforementioned Burry tweet is another shocking development, this time with pointedly bearish implications. On Aug. 2, The Hill reported more than 70% of millennials “have some form of non-mortgage debt, with the average millennial owing $117,000.” Further, the article states “the most common type of debt was credit card debt, with 67 percent of millennials having some amount of debt on a credit card.”To be fair, 63% of affected survey respondents believe they can pay off their debt over the next one to five years. Still, if young people continue to borrow money in a rising interest rate environment – and should the unwinding of some jobs(particularly in the technology space) continue to accelerate – Burry might not appear to be a worrywart.No Stranger to ControversyOver the years, Michael Burry has demonstrated little restraint in stirring the social media pot with his contrarian opinions. The hedge fund manager has garnered a reputation for pessimism, earlier this year warning about the bullwhip effect in retail and multiple compression that may portend a broader market correction.Nevertheless, it’s not fair to imply Burry exclusively promotes bearish arguments. Indeed, in 2019, he made an outlandishly bullish bet on a particular company that would epitomize the current meme-stock phenomenon. Therefore, whatever you think of him, it’s wise to at least pay attention.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1140,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":311,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103285198,"gmtCreate":1659845542514,"gmtModify":1663255731845,"authorId":3581997167851982,"author":{"id":3581997167851982,"authorId":3581997167851982,"name":"matthew_more","avatar":"https://static.tigerbbs.com/c4566c4167a9a5615aede93850767811","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"Me too, is a FIRE practitioner, I scrimp on every cents to achieve that goal. It is a personal choice and FIRE is NOT for everyone. \nAnd i share my tips and tricks in my youtube channel sgFIREmovement.","text":"Me too, is a FIRE practitioner, I scrimp on every cents to achieve that goal. It is a personal choice and FIRE is NOT for everyone. \nAnd i share my tips and tricks in my youtube channel sgFIREmovement.","html":"Me too, is a FIRE practitioner, I scrimp on every cents to achieve that goal. It is a personal choice and FIRE is NOT for everyone. \nAnd i share my tips and tricks in my youtube channel sgFIREmovement.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103285379,"gmtCreate":1659845830203,"gmtModify":1663255734063,"authorId":4101955883486630,"author":{"id":4101955883486630,"authorId":4101955883486630,"name":"Thalos","avatar":"https://community-static.tradeup.com/news/55ba87139db7cd8dd783879dbd6ed4c5","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"Not all stocks respond to the fact sheet of earnings. I observe only high volatility around the earnings, then everything else depends on market sentiment","text":"Not all stocks respond to the fact sheet of earnings. I observe only high volatility around the earnings, then everything else depends on market sentiment","html":"Not all stocks respond to the fact sheet of earnings. I observe only high volatility around the earnings, then everything else depends on market sentiment","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103285497,"gmtCreate":1659846055901,"gmtModify":1663255734532,"authorId":3564479083780631,"author":{"id":3564479083780631,"authorId":3564479083780631,"name":"第N次大变革大分流","avatar":"https://community-static.tradeup.com/news/7ac78897b78c47a3afab38088cf5216c","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.29","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.30","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"可能还涨几天","text":"可能还涨几天","html":"可能还涨几天","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103285347,"gmtCreate":1659845760432,"gmtModify":1663255734943,"authorId":4087185570339730,"author":{"id":4087185570339730,"authorId":4087185570339730,"name":"lucash","avatar":"https://community-static.tradeup.com/news/b5ff0b1e97aa0a04265d7ea864f9e21b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"thanks for sharing!","text":"thanks for sharing!","html":"thanks for sharing!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103285265,"gmtCreate":1659845637041,"gmtModify":1663255731068,"authorId":3576668767816073,"author":{"id":3576668767816073,"authorId":3576668767816073,"name":"涵涵hh","avatar":"https://static.tigerbbs.com/3ee717203538d017fe0c68451e24ad0f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"Tks for sharing ","text":"Tks for sharing ","html":"Tks for sharing ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103285217,"gmtCreate":1659845559989,"gmtModify":1663255731639,"authorId":3580348004146675,"author":{"id":3580348004146675,"authorId":3580348004146675,"name":"sugizoi4u","avatar":"https://static.tigerbbs.com/c7f987f771f67981d200c8f1cd598c70","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9905893761,"type":1,"supId":0,"prevId":0,"content":"Thanks for sharing","text":"Thanks for sharing","html":"Thanks for sharing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9905893761"}