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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: James Clarke who wrote (7894)7/30/1999 10:29:00 AM
From: Michael Burry  Respond to of 78507
 
Jim, I am 99.9999999% confident the market at some point this late summer/fall will have a big down thursday with a bad close, a big down Friday with a down close, a weekend to think about it and realize the meaning of risk, and a crash on the Monday.

I am also very wary of a snap-back rally from here. Maybe investing in tobacco was gutsy. But what you are doing is even more so. The market is breaking, not necessarily yet broken. What's your stop loss?

Mike