Michael Burry has said that he was “wrong” to say “sell” in February 2023. Of course, after he tweeted “Sell”, the market surged and then did a round trip. In hindsight, that was indeed wrong. But, aside, from what materialized in hindsight, what else might be behind his admission?
Michael Burry’s tweets are often opaque. However, it is worth exploring what his thought process might be to see whether we can draw new insights about what is happening in financial markets.