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Kevin Beaumont
@GossiTheDog@cyberplace.social  ·  activity timestamp 11 hours ago

The guy who predicted the 2008 economic crisis in The Big Short - played by Christian Bale in the movie - just wagered $1 billion on the collapse of the AI boom.

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-11-04-2025/card/michael-burry-is-back-with-two-big-shorts-palantir-and-nvidia-zQA6SOnar36KPg0BtGQS

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C.S.Strowbridge
@csstrowbridge@mastodon.social replied  ·  activity timestamp 9 hours ago

@GossiTheDog

The market can stay irrational longer than you can stay solvent.

However, this might be a wake up call causing more people to short the stock, which would cause it to drop enough to end the bubble.

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