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ProCap Insights · August 20, 2026

The Scariest Time to Buy Stocks Has Been the Best Time Since 1990

Michael Burry says a major top, and a 1987-type fall, are possible, while noting that new highs will likely pull fresh money into the market.1 The data since 1990 says the S&P 500 has paid you more, not less, for buying on the day it printed a fresh record.2

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