MarkersInsider/Theron Mohamed/7-1-2022
“Adjusted for inflation, 2022 first half S&P 500 down 25-26%, and Nasdaq down 34-35%, Bitcoin down 64-65%. That was multiple compression. Next up, earnings compression. So, maybe halfway there.” – Michael Burry, 6/30/2022
USAGOLD note: The latest from the Big Short’s Michael Burry who also said recently that the Fed might be forced to reverse its present course on rates and quantitative tightening. Burry’s been right so far on the stock market decline warning as early as April that companies were “nigh perched with a multiple problem.”
