Master Investors Daily Excerpt

Michael Burry: "The market has jumped the shark"

Michael Burry published Substack posts on May 8–11 declaring the stock market has "jumped the shark," drawing explicit parallels to the final months of the 1999–2000 dot-com bubble and disclosing leveraged short positions — corroborated by Paul Tudor Jones's CNBC warning and Shiller's CAPE crossing 40.