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Michael Burry
Michael Burry.

Bloomberg TV

  • Michael Burry hinted stocks could bottom in weeks, based on how a past banking crisis played out.
  • The "Big Short" investor noted the "1907 Bankers' Panic" concluded in just three weeks.
  • Three US lenders folded last week, sparking fears of a banking-sector meltdown and financial crisis.

Michael Burry of "The Big Short" fame has hinted the US stock market could bottom within weeks, if history repeats itself.

"In October 1907, Knickerbocker Trust failed due to risky bets, sparking a panic," Burry said in a now-deleted tweet on Wednesday. "Two others soon failed, and it spread. When a run began on a healthy Trust, J.P. Morgan made a stand."

"3 weeks later the Panic resolved & markets bottomed," Burry continued. "A stand was made this past weekend."

Tags
Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, JPMorgan, Banking Crisis, Financial Crisis, Housing Bubble, housing crash, US Markets and Economy, Inflation, Recession, Interest Rates, Monetary Policy, Bank failures, Silicon Valley Bank, 1907 Bankers' Panic, Knickerbocker Crisis
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'Big Short' investor Michael Burry hints the stock market could bottom within w…