Michael Burry bets in opposition to rally: ‘We’re close to a serious high, and potential a 1987-type fall’Yun LiAugust 4, 20260 Michael Burry of "The Big Short" fame is sticking with his bearish wagers even as the S&P 500 surges to a record high, warning that the rally could still end in a sharp sell-off reminiscent of the 1987 stock-market crash.