Oh damn, I love all racing but had no idea doge coin was on a Nascar/Winston cup. Great camera angle to capture the Shiba on the hood as it passes the start line.
Depends on the instrument. Was buying tulips at the lows worth it? Did it bounce back? Not every crash is a buying opportunity. TSLA on the other hand? If it was 90% down from the current price, that would probably be a good opportunity.
If it was down 90%, it might almost be considered fair value based on EPS and their market cap in relation to how much share of the car market they actually have. But this doesn't mean it would rise, or that it couldn't fall further, just that maybe the stock price would maybe make sense.
To be honest, Michael Burry is NOT a big name investor. He just happens to be a guy that made a name of himself being far too early (which means he was wrong) in his short bets long before the 08 financial crisis.
True, but stock indexes that crash and never recover (like the Nikkei) are rare. Plus the pros always wait for some sort of bounce to buy, like a breakout of a down trendline for instance, they just don't buy simply because it's cheap and panicky traders are dumping their stocks like crazy. As far as crypto is concerned, it can ONLY go up in the long run, the New World Order people need crypto to run things...