Burry or Cramer?

[tsptalk]

Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here’s how they both could be wrong on stocks

Michael Burry, the hedge-fund manager at Scion Asset Management who correctly forecast the 2008 financial crisis, on Tuesday night sent out a one-word tweet: “Sell.” Burry didn’t elaborate, but it’s not hard to fill in the blanks.

Assets like bitcoin and ARK Innovation ETF surged in January, in a seeming dash for trash on the view the Fed’s going to pivot to rate cuts soon, which is a lot to stomach for a value-focused investor like Burry.

On the other end of the spectrum, Jim Cramer says it looks like we’re in a bull market now. “If we’re in a bull market, and I think we are, you have to prepare yourself,” said Cramer, whose penchant for mistimed comments has spawned a fund that is seeking Securities and Exchange Commission approval to bet against his views. “We have to prepare for the down days now because in a bull market, they’re buying opportunities,” the CNBC commentator added.

It’s possible neither Burry nor Cramer is correct.

More: https://www.marketwatch.com/story/m...-be-wrong-on-stocks-11675251459?siteid=yhoof2