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Mar 23, 2026 12:01 PM

Michael Burry Says 'Lights Out': Ominous Sign for Stock Market?

Michael Burry's new "Lights Out for Cassandra Unchained" message posted Sunday on X is an ominous signal given his history of going silent just before major market breaks, but his timing has often been early and his warnings broad rather than precise crash calls.

PLTR stock is climbing. See the chart and price action here. 

What ‘Going Dark’ Has Meant Before

Burry has repeatedly deactivated or wiped his social media presence after issuing stark bubble or crash warnings, a pattern that dates back several years. 

He has framed himself as a modern Cassandra—someone who sees trouble coming but is ignored—after receiving the title from Warren Buffett.  

Burry uses the "Cassandra Unchained" branding on both his Substack newsletter and X account.

Pre‑COVID Dark Episode

In the run‑up to the 2020 COVID crash, Burry was publicly warning about excesses in areas like index funds, tech and speculative stories, and at times stepped away from X after posts diagnosing "speculative bubbles." 

The S&P 500 then plunged more than ...