'Big Short' investor Michael Burry is back on Twitter – and warning of the biggest market bubble in history
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- Michael Burry cautioned that markets are in a bubble of unprecedented scale.
- "The Big Short" investor tweeted his dire warning after a 10-week break from Twitter.
- Burry has flagged reckless speculation on Tesla stock, bitcoin, and other assets.
- See more stories on Insider's business page.
Michael Burry warned of the biggest market bubble in history on Tuesday, suggesting his concerns about rampant speculation have only grown during his 10-week hiatus from Twitter.
"People always ask me what is going on in the markets," the investor tweeted. "It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360."
The hashtag was likely a reference to a famous saying in investing: "Bulls make money, bears make money, but pigs get slaughtered." Burry has told investors repeatedly that they're being too greedy, speculating wildly, shouldering too much risk, and chasing unrealistic returns.
The Scion Asset Management chief deleted his Twitter profile in early April after sounding the alarm on Tesla stock – which he's short – as well as GameStop, bitcoin, dogecoin, Robinhood, SPACs, inflation, and the broader stock market. He resumed tweeting on Monday.
Burry is best known for his billion-dollar bet against the US housing bubble in the mid-2000s, which was immortalized in the book and the movie "The Big Short." He also helped lay the groundwork for GameStop's comeback this year, as he bought a stake in the video-games retailer in 2019 and penned several letters to its board.
The investor, who has complained many times about his warnings being ignored, has "Cassandra" as his display name on Twitter – a reference to the priestess from Greek mythology who was cursed by the gods to share true prophecies but never to be believed.
Burry's latest tweet echoes his previous cautions. For example, he compared the hype around bitcoin, electric vehicles, and meme stocks to the dot-com and housing bubbles, and said the stock market was "dancing on a knife's edge" earlier this year.