Michael “Big Short” Burry Quits Twitter Amid Speculation About SEC Probe

Michael “Big Short” Burry Quits Twitter Amid Speculation About SEC Probe

A few weeks ago, we reported that Michael Burry, the hedge fund manager who shot to international fame thanks to the “Big Short”, had once again deleted all of his tweets and announced that he would be taking a break from twitter after receiving some kind of warning from the SEC (he claimed agents had “paid us a visit”).

Over the past year or so, Burry has attained a new level of financial-industry stardom after becoming a closely followed figure among the army of retail traders coalescing on and around Wall Street Bets. He made the bullish case for Gamestop and took a stake in the company long before anybody had heard of “RoaringKitty”, and under his familiar user name “Cassandra” he attracted hundreds of thousands of followers on Twitter often thanks to his gloomy takes – often only to delete his tweets and threads, much to the consternation of many of his fans.

But instead of merely deleting tweets, it appears the Scion Asset Management founder has deleted his entire account. The webpage for the @michaeljburry account that used to show Burry’s musings on the dangers of Bitcoin and the bubble around the current retail trading wave now displays a message saying, “This account doesn’t exist.”

Speculation immediately turned to the SEC and whether Burry had deleted his account for some kind of compliance-related reason. In recent weeks, Burry has become even more aggressively skeptical of the non-stop equity rally, murmuring about how he is bracing for a massive drawdown as the reflation trade forces the market to recalibrate its rate-hike projections.

Others brought up Burry’s infamous Tesla short (Tesla shares this week have reversed some of their earlier losses from the past two months).

To be sure, as at least one twitter user pointed out, this isn’t the first time Burry has deleted his twitter account, and it’s entirely possible he just did it on a whim.

Tyler Durden
Tue, 04/06/2021 – 21:25

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