Burry is wrong far, far more than he's right (this is the guy who held a short position on TSLA through the entire rally), but he gets a lot of credit because of his big trade back in 2008 and the movie that was subsequently created about him. Also, as a crash approaches the final capitulation wave, you will see more and more people saying things like this. It's necessary, because the final capitulation of a crash requires people to believe that the system is permanently broken. This is the type of thinking that led to traders on Wall Street throwing themselves out of windows during the 2008 crash. If you want to take advantage of a crash, you have to have the clarity to understand that the masses are going through a bout of mass panic. If you join the crowd, you'll be too scared to do what you have to when everyone is selling.
All of this said, these things do take time. This kind of rhetoric will slowly spread until it reaches a fever pitch, likely sometime in the second half of 2023.
All of this said, these things do take time. This kind of rhetoric will slowly spread until it reaches a fever pitch, likely sometime in the second half of 2023.