Michael Burry called the market's mood "denial," comparing it with 2000 and 2008 and suggesting that phase could last six to nine months.
Ray Dalio warned of a possible U.S. debt crisis within three years as rising interest costs crowd out spending.
Treasury Secretary Scott Bessent offered a contrasting outlook, saying growth and spending restraint would help the government start "bending the curve."
"The Big Short" investor Michael Burry warned on Tuesday that investors were in "denial" reminiscent of 2000 and 2008, hours after the Nasdaq closed at a record, while Ray Dalio separately cautioned that mounting debt could push the U.S. into a crisis within three years.
"The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months," Burry said on X.
#denial
Ray Dalio warned of a possible U.S. debt crisis within three years as rising interest costs crowd out spending.
Treasury Secretary Scott Bessent offered a contrasting outlook, saying growth and spending restraint would help the government start "bending the curve."
"The Big Short" investor Michael Burry warned on Tuesday that investors were in "denial" reminiscent of 2000 and 2008, hours after the Nasdaq closed at a record, while Ray Dalio separately cautioned that mounting debt could push the U.S. into a crisis within three years.
"The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months," Burry said on X.
#denial
4 days ago
