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Michael Burry of “The Big Short” fame is sticking with his bearish wagers even as the S&P 500 surges to a record high, warning that the rally could still end in a sharp sell-off reminiscent of the 1987 stock-market crash. “I continue to believe it is possible we are near a major top, and possible a 1987-type fall, but the S&P 500 making new highs likely will bring new money into the market,” Burry said in a Tuesday Substack post. …
— ORIGINAL POST ·
Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’
· r/stocks
· Aug 5, 2026