金色财经|May 09, 2026 01:29
["Big short" rings the alarm bell: the market is like the eve of the bursting of the Internet foam]
According to Golden Finance, on May 9th, the AI driven crazy rise in US stocks has raised concerns among Wall Street professionals. Michael Bury, an investment tycoon who accurately predicted the 2008 US subprime mortgage crisis and the prototype of the main character in the film "Big Short", recently warned that the current craze for AI in the stock market began to resemble the last stage before the bursting of the Internet foam in 2000. The discussion on artificial intelligence is endless. After a whole day, no one talks about anything else except this topic, "Bury posted on the Substack platform on Friday. This is his feeling after listening to financial television and radio reports during a long-distance drive.
Bury stated that the stock market no longer makes logical responses to economic data such as employment reports or consumer confidence. On Friday, despite the consumer confidence index hitting a historic low, traders only focused on the slightly better than expected April non farm payroll report, which pushed the S&P 500 index to another new high. "The rise and fall of stocks has nothing to do with employment or consumer confidence. The reason why they are rising in a straight line is that they are already rising in a straight line. Based on the two words everyone thinks they understand (AI)... it feels like the last months of the foam (before the bursting) in 1999-2000."
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