Burry Goes Short at S&P 500 Highs, Warns of 1987-Style Crash

Michael Burry posted on X August 4: "We are near a major top, and possible a 1987-type fall." The "Big Short" investor is maintaining bearish short positions while issuing the call, absorbing carry costs as the S&P 500 hits new highs. In 1987, the Dow fell 22.6% in one session. A warning with capital behind it is a trade, not commentary.