Burry compares the hype around bitcoin and meme stocks to infamous market bubbles of the past, warning that the stock market is “dancing on a knife’s edge.”
Dogecoin’s rally began after a series of somewhat cryptic, tweets from Tesla Inc. TSLA, -1.31% and SpaceX Chief Executive Elon Musk. #dogecoin
“Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.” -Elon Musk
Firms like Apple, GE, and Intel have been pressured to become the personal piggy banks of powerful “hedge fund activists.”
As of 4/27, the billionaire mogul’s net worth was $144 billion, up from $113 earlier in the month — a 27% increase.
The index fell 30% over 22 days, the shortest duration on record.
Stocks went down after Nixon impeachment but up after Clinton’s.