Michael Burry: the market today feels like 'last months of the 1999-2000 bubble'

Not yet, the IPOs have not started to go bunkers. We are not there yet, but eventually. Nothing goes up forever.

Here's the scenario I see: SpaceX, OpenAI and such go public; AI and tech stocks prices rise to unbelievable heights; We see news stories about someone getting close to becoming a 2x trillionaire; inflation rises; fed raises rates; stocks begin to fall; people panic sell and crash the market.

If the news about his investing over the last several years is true, he's been shorting a bull market for 4 years now. It better go bust or he will.

"“Absolutely non-stop AI. Nobody is talking about anything else all day,” Burry wrote Friday in a Substack post after listening to financial television and radio coverage during a long drive."