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Why Day Traders Rally Around Michael Burry After His SEC Exit

Scarcity, contrarian AI wagers, a playful online persona—all fuel a folk-hero image for investors who relish defying Wall Street.

Overview

  • Business Insider details how Burry’s rare public appearances keep retail traders engaged despite his reputation as a short-seller.
  • Burry recently paired cryptic posts about a potential AI bubble with new short positions in Nvidia and Palantir, according to the report.
  • The article notes he deregistered his firm from the SEC, a move that has intensified online fascination with his next steps.
  • Retail traders’ enthusiasm persists because many see him as a maverick who profited against big banks during the 2008 crisis.
  • Burry hinted he’ll be “on to better things” on November 25, with outside speculation suggesting a family-office shift, which the piece presents as unconfirmed.