Michael Burry of 'Big Short' fame admits mistake and praises stock market rebound.

Michael Burry, the "Big Short" investor, admitted he was wrong to say "sell" about the stock market earlier this year and congratulated traders for buying the dip. Burry became famous for his bet against the housing market before the 2007 subprime mortgage collapse. He also made bullish bets on GameStop stock in 2019 and 2020, but called the January 2021 nosebleed moves in GameStop shares "unnatural, insane, and dangerous" at the time. Last month, Burry's firm disclosed bullish stakes in Alibaba Group Holding and JD.com.