"Big Short" Investor Bets Against the Stock Market at Record Highs

Michael Burry, famous for betting against the 2008 housing bubble, posted on X August 4: "We are near a major top, and possible a 1987-type fall." He is backing that view with real money — short positions that profit if stock prices fall — even as the S&P 500 hits new highs. In 1987, the Dow dropped 22.6% in one day. A warning with money behind it is a trade, not talk.