Michael Burry’s Warning for the 2024 Stock Market Crash
<p>However, it wasn’t until October 11, 2007, that the broader market began to acknowledge the crisis, with the S&P 500 reaching its peak. By March 10, 2009, the S&P 500 had collapsed to just 676 points, a 57% plunge from its peak. This market turmoil translated into massive profits for Burry, who personally gained $100 million and secured over $700 million for his investors. Despite this success, Burry faced relentless criticism from the investment community and his own investors leading up to the crash, ultimately leading him to shut down his fund post-crisis.</p>
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