Michael Burry Warns of a Stock Market ‘Supervolcano’

Michael Burry, who bet against the 2008 housing bubble, says the next bear market may last a long time. The Michael Burry bear market warning rests on a century of inflation-adjusted S&P 500 data. On the surface, stocks look calm. The S&P 500 closed at a record on October 6. Yet Burry argues that fewer stocks now carry the index higher. A Quiet Record High Sits on a Hot Caldera Burry compares the market to a supervolcano caldera. The ground looks peaceful, while pressure builds underneath. He says the same hidden buildup sat beneath each of the 10 market tops of the past 40 years. In his latest Substack post, he calls the October 6 high unremarkable.

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