Retail trader hero and hedge funder Eric Jackson says the bull market will overcome the latest wall of worry

• Eric Jackson isn’t worried about the fate of the bull market.

• The hedge fund manager behind this year’s Opendoor rally is bullish in the face of Tuesday’s sell-off.

• He recently shared why he believes the market’s strength will continue.

Should investors be worried about the bull market running out of steam? Eric Jackson says no, even as stocks waver on Tuesday amid fears of unsustainable valuations.

Jackson, who became a retail-trader hero this summer after boosting shares of Opendoor Technologies, thinks the latest jitters are a head fake and that the bull market will overcome the latest bearish concerns.

Investors’ concerns on Tuesday have to do with sky-high tech valuations, which have come to the fore after Palantir stock tumbled as much as 9% on Tuesday despite strong earnings results. The slide in the stock and the subsequent drop in broader indexes were partly prompted by the CEOs of Morgan Stanley and Goldman Sachs saying at an event this week that the market could see a decline of as much as 20%.

But to Jackson, it’s a wall of worry that markets can scale. In a post on X, he urged investors to hold on and not panic.

“Tomorrow it’ll be new headlines,” Jackson wrote. “Sit on your hands. Don’t get shaken out by the nervous Nellies who are always wrong and never accountable later.”

He also criticized “The Big Short Trader” Michael Burry’s recently unveiled short position on Palantir stock.

In a separate post, Jackson provided a more detailed analysis laying out why he believes the AI market is not a bubble.

“The same Cassandras who scream ‘bubble’ today said the market would crash every single year from 2009-2014,” he wrote. “Instead, that became a 12-year bull market.”

He highlighted the fact that the Federal Reserve has only cut interest rates twice this year and that the market is only now starting to see increased liquidity amid easing monetary policy.

“History will show this wasn’t the top of an AI bubble,” he said. “It was the bottom of the participation curve. The rally is only beginning to breathe.”

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