Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here's how they both could be wrong on stocks. [MarketWatch]
Bed Bath & Beyond Inc. (BBBY)
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Source: MarketWatch
crisis, on Tuesday night sent out a one-word tweet : “Sell.” Burry didn't elaborate, but it's not hard to fill in the blanks. Assets like bitcoin and ARK Innovation ETF surged in January, in a seeming dash for trash on the view the Fed's going to pivot to rate cuts soon, which is a lot to stomach for a value-focused investor like Burry. On the other end of the spectrum, Jim Cramer says it looks like we're in a bull market now . “If we're in a bull market, and I think we are, you have to prepare yourself,” said Cramer, whose penchant for mistimed comments has spawned a fund that is seeking Securities and Exchange Commission approval to bet against his views. “We have to prepare for the down days now because in a bull market, they're buying opportunities,” the CNBC commentator added. It's possible neither Burry nor Cramer is correct. Take the final day of January, in which stocks surged on data showing the employment cost index decelerated to a 1% quarterly rate , which was belo
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