This is a rather long video but worth a watch as it goes into the reason for Burry's sudden sell off. <a href="https://www.youtube.com/watch?v=jZrTe4KQBYM" rel="nofollow">https://www.youtube.com/watch?v=jZrTe4KQBYM</a><p>To summarize Burry and the author of the video explain that because the fed is not pivoting or loosening policy: the recent 50% retracement in the S&P500 is not likely to last and may crash even lower as similar events occurred in 1929, the dot com boom, and the housing panic. Without knowing the bottom of the market with certainty, and without a reason for the bottoming, it might not be over. Steep retracements are kind of a warning I think if the fed and government are not throwing all shes got at the problem of rich people losing a lot of money. The bear market should continue as long as inflation is rising, taxes are increasing, and corporate earnings continue to go lower.<p>For the first time since the 1980s the Fed is willing to sacrifice the economy over the value of the currency. It is in their charter to do that. It is not in their charter to inflate assets.