Michael Burry Warns Of A Complete Reversal Of Nasdaq 100: 'Scene Of The Bloody Car Crash, Minutes Before It Happens'

Michael Burry on Monday reiterated his warning about a potential AI bubble, stating that he expects a complete reversal of the Nasdaq 100 index from its current levels.

“The Big Short” investor stated in a Substack post that the Nasdaq 100 is currently trading at levels that are too good and too lucky to be real. “This, all of it, is the scene of the bloody car crash, minutes before it happens,” Burry said.

He added that even if these parabolic rallies appear to have further upside, investors holding on are ultimately betting on their ability to exit at or near the peak.

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