Investing
Michael Burry Says He Was 'Wrong to Say Sell,' Congratulates Dip Buyers
The investor who predicted the 2008 housing crash is known for issuing dire predictions on Twitter.
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Michael Burry admits he got it wrong.
The founder of Scion Asset Management directed traders to “sell” ahead of the Federal Reserve meeting on Feb. 1. Now, he’s telling Twitter followers that advice was incorrect, while congratulating dip buyers for pushing stocks higher than he anticipated.