Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’ - CNBC
u/batyrshah ·
Reddit — r/wallstreetbets
· August 04, 2026 at 22:18
· ⬆ 716 pts
· 💬 297 comments
| View on Reddit ↗
AI Summary
Summary
Post shares CNBC coverage of Michael Burry reportedly shorting the market and warning that we are "near a major top" with a possible "1987-type fall."
The author asks if Burry is following the "Situational Awareness" macro thesis with his short positions, suggesting some sympathy with the bearish view.
This is more news commentary/speculation than original DD; no specific portfolio data, entries, or detailed analysis are provided.
Michael Burry is reportedly shorting the broader market and explicitly warning of a major top and a possible 1987-style crash. A high-profile bearish investor taking shorts against the broad index creates a potential catalyst for downside if fear spreads, but the post lacks original data to confirm size or timing. Shorting SPY is a low-conviction, event-driven macro trade based on Burry’s warning, not a fully researched standalone setup. Burry has been early on market tops before; momentum could keep pushing equities higher; retail sentiment in the comments is heavily against the bearish call.