Aug. 7 at 12:39 AM
$DIA Dow hit 54,000 for the first time ever. Same day, Michael Burry (called 2008) published a warning: possible major top, 1987-style comparison.
His scorecard: shorted
$TSLA,
$CAT, a semi ETF, and
$AMAT this summer. 4 of 5 already winning. Only
$NVDA has gone against him.
He's flagging a
$176B AI depreciation shortfall estimate through 2028. Hyperscalers disagree, keep raising capex.
Full breakdown:
https://coronetberkley.com/research/dow-54000-michael-burry-warning.html
Education, not advice.