Burry Shorts the S&P 500 at Record Highs, Cites 1987 Parallel

Michael Burry posted August 4 on X: "We are near a major top, and possible a 1987-type fall." The "Big Short" investor holds bearish short positions — bets that pay off if prices drop — while paying carry costs as the S&P 500 hits new highs. In 1987, the Dow fell 22.6% in one session. A warning backed by capital is a trade, not commentary.