Investor Michael Burry, famous for correctly predicting the 2008 financial crisis, warned on Monday that the stock market has “jumped the shark,” suggesting the current rally may be unsustainable.
Burry’s comments come as investors weigh geopolitical risks against market momentum. Middle East tensions continue to escalate, with the Iran conflict driving energy prices higher, while US stocks have maintained their upward trajectory.
Burry rose to prominence for his prescient shorting of mortgage-backed securities before the 2008 subprime crisis, a story dramatized in the film “The Big Short.” He has long been skeptical of overvalued markets.
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