Michael Burry

Foundations: Performance in the Next Bear Market & the Caldera Under S. Park & Wall, the full feature artice. Link: https://t.co/W6K50odzCC This is still early days and rates will keep rising - to $69/month or $679/year on November 1. Snag $49/month or $479/year now and keep it for the life of your subscription!

New 1500 word Abridged Version Foundations: Performance in the Next Bear Market & the Caldera Under S. Park & Wall Detailed study of leaders versus broken stocks, market breadth and what it means for performance in the next bear market Your Monday Morning Short Read Link: https://t.co/tXO5VdWNXa https://t.co/Lnpt5rjqJw

Sunday's Big Read -an X Article and then some. Enjoy!

Foundations: Performance in the Next Bear Market & the Caldera Under S. Park & Wall

Detailed study of leaders versus broken stocks, market breadth and what it means for performance in the next bear market Some good weekend reading about markets and how to profit from the next bear market, which may last a long time. I hope you enjoyed last week’s Short Thoughts piece. The article got a better response than I expected, so I figured while I was on the tail of that particular beast, I would continue to hunt it down. Short Thoughts: The AI Cloud Oligopoly, Stages of Grief & a Flashing Bear Market Indicator The first thing was to collect and stitch together decades of data. I have to say, I am impressed by the folks at Siblis…

1. Never stop exercising or learning. 2.Accept compromise to begin relationships. 3. Manifest the power of compounding. 4. Never gamble. 5. Have kids and be a good parent 6. If it flies or floats, rent it. 7. Buy half the house you can afford. 8. Art in the eye of the beholder is cheap. 9. Be thankful for and to all. 10. Be charitable.

If $AMD were cheaper, it'd be a buy for the treble damages awarded if/when $NVDA is finally prosecuted under antitrust law.

Dumb da dumb dumb da. The CoreWeave selloff shows a pressure point from climbing borrowing costs https://t.co/1zM5VOwJPg via @WSJ

Saw @rushtheband last night on the Fifty Something Tour. Absolute must see if one can https://t.co/ZkxxyTSJjF

Siloam Health - Health Care for Those in Need For the month of October 2026, the Cassandra Unchained Charity of the Month is Siloam Health, a non-profit, donor-supported medical clinic that primarily serves the uninsured, working poor and newly arrived immigrants and refugees who do not quality for traditional government assistance. I have personally vetted this charity, and I know it well. Siloam relies largely on donations to run their operation. Patients pay only what they can afford and are accepted after a careful screening process. Please consider donating today. The Problem Tennessee did not buy into the Obamacare Medicaid progr…

Bloomberg: Bloomberg Opinion) -- Skeptics of the artificial investment boom are doubling down. Billionaire Ray Dalio warned last week that the bubble was near its bursting point, while Michael Burry of the Big Shortfame brought forward the timeline for his bearish thesis. SoftBank Group Corp. founder Masayoshi Son’s attempt to set up another $100 billion AI-focused venture capital fund will only give the doubters more ammunition.

Cassandra Unchained's October 2026 Charity of the Month is Siloam Health, a non-profit, donor-supported medical clinic that primariy serves the uninsured, working poor and newly arrived immigrants and refugees who do not quality for traditional government assistance. I have personally vetted this charity and it is remarkable how far they make a dollar go. Please consider donating to Siloam Health if it so moves you. @SiloamFHC 5% of gross revenues from Cassandra Unchained in the month of October will go to Siloam Health. https://t.co/yEi5A1UKTO I also posted the Siloam Health the Cassandra Unchained October 2026 Charity of the month on my S…

Siloam Health - Health Care for Those in Need

For the month of October 2026, the Cassandra Unchained Charity of the Month is Siloam Health, a non-profit, donor-supported medical clinic that primarily serves the uninsured, working poor and newly arrived immigrants and refugees who do not quality for traditional government assistance. I have personally vetted this charity, and I know it well. Siloam relies largely on donations to run their operation. Patients pay only what they can afford and are accepted after a careful screening process. Please consider donating today. The Problem Tennessee did not buy into the Obamacare Medicaid program back when it was introduced and so rema…

Why I swapped common stock for the junior preferred shares of Fannie Mae & Freddie Mac. $fnma $fmcc @FHFA

Aerosmith, the greatest American rock band. https://t.co/mGScHuNpwi

Developments with Fannie & Freddie , Hong Kong Value Stocks, Dealing with value stocks late in a bull market, consolidating a big short. This is how the sausage is made. More data, more information.

Well well well. Well. Bloomberg: Broadcom CEO Likens Many AI Investors to Casino Gamblers and more... Broadcom’s Tan said AI model developers need to find customers that can generate returns from deploying the technology, rather than relying on users who are now “wasting money” on tokens as they experiment with AI. “When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything,” he said. “That’s what happening in enterprises today.”

Fannie Mae & Freddie Mac need Thor's Hammer to unleash the value. Or so it seems. Thor's looking too fat and lazy to wield it. What next?

Salad days for home builders won’t last. Not a fan of home builder stocks. Building is a commodity business. Land appreciation/development is most of the ROIC. Housing shortage is mostly because people are failing to pair up. Square feet of housing per capita are at all-time high. https://t.co/PLhKfnQfNU Demand has nosedived since mortgage rates rose above 7%. Sales of new homes per community in September normally slow by 4% on average compared with August as the buying season winds down. They are down 18%. https://t.co/TYifaDf7u1

By early 2000, 70-80% of stocks were in bear markets, and the indices continued to move higher. I have a word for that. Denial.

In this article I greatly expand on this tweet. The market's grieving process has been interrupted the last couple decades by heavy doses of monetary and fiscal cocaine. So much so that it is now hard to tell if grief can ever find its position again. Denial is perhaps most easily found in market breadth indicators, and I follow one in particular that seems to give a very strong signal every few decades. <blockquote class="twitter-tweet"><p lang="en" dir="ltr">The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months.</p>&mdash; Cassandra Unchained (@michaeljburry) <a href="https:…

A fun game in times like these is to go to the S&P 500 Index and see how many profitable companies one can buy with the bubble private company valuation. The number that Anthropic’s valuation buys is 78, including Domino’s, Clorox, Smucker, Stanley Black & Decker, Deckers, lululemon, McCormick, Tractor Supply, NVR, Albemarle, FedEx Freight, News Corp, Alllian Energy, Kimco Realty, Hormel Foods, Clorox, Weyerhauser, DaVita, Zimmer Biomet, Lennox, Masco, A.O. Smith, MGM, Wynn, Brown-Forman, Norwegian Cruise Lines, Hungtington Ingalls, and many more. The largest inflation adjusted valuation at pre-IPO of 1990-2000 was UPS at $119 billion, 92 y…

The only reason the CEOs of these tech monopolies are spending wildly on data centers like they are is because they assume they will be granted an oligopoly that is too big too fail.

The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months. I posted an X article expanding on the tweet. https://t.co/lk7svD7jpw The market breadth indicator I follow gives a strong signal every few decades, and where we stand today: https://t.co/a7wde5qu9n https://t.co/cK3BtITyiF

You will learn something.

Death n' Roll RIP LG Bringer of Light (2022 Remaster) https://t.co/G4AtkWUNIi via @YouTube

Did you know Cassandra Unchained has a web site? https://t.co/B2rWpTWCzw

Fraud is inevitable in the dark. I bring light. https://t.co/TS8wQp2THY

Real analysis that critics don't read.

Obituary, the AC/DC of Death Metal. @obituarytheband 4 decades in OBITUARY - Dying of Everything (Official Music Video) https://t.co/KGyybOysEy via @YouTube

If you missed it, 9200 words of analysis on the fan favorite stocks. I tried not to waste any. $MSFT $GOOG $ORCL $META $AMZN https://t.co/i4E2wk59dC