Ghosts of the 2008 financial crisis haunt the markets

Are we going to relive the 2008 financial crash?

The question has been on the minds of people since a cryptic May 24 tweet from iconic investor Michael Burry, who is known for being one of the first to bet against subprime mortgages in the mid-2000s. Burry accurately predicted the collapse of the housing bubble. The hit film ‘Big Short’, in which his role is played by actor Christian Bale, shows his incredible commitment against the current of a euphoric market.

‘plane crash’

“Like I said about 2008, it’s like watching a plane crash,” Burry wrote on Twitter on May 24. “It hurts, it’s not fun and I’m not laughing.”

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