There’s more pain to come for the stock market, according to Michael Burry.

The investor, who was played by Christian Bale in the “Big Short” movie, wrote on Twitter that “we have not hit bottom yet.”

Burry referenced the recent closing of two exchange-traded funds that tracked special purpose acquisition companies, one of the investing fads that drew in legions of retail traders in the pandemic bull market. The two funds traded for less than two years before losing investors as their share prices plunged.

In another tweet Wednesday, he noted crashes in cryptocurrencies, meme stocks and SPACs, and seemingly linked market crashes in 2000 and 2008 to what he sees coming this year.

Warnings from Burry about coming turmoil have become common on Twitter this year, with the founder of Scion Asset Management predicting consumer spending and silliness in markets will cause trouble for investors. In the second quarter, his firm dumped all of its equity exposure besides one company. 

This article was provided by Bloomberg News.