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Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'

Tuesday, August 4, 2026


Michael Burry posted on Substack on Tuesday that he believes the market may be near a major top and could experience a decline comparable to 1987. Burry did not provide specific market conditions or timelines supporting this assessment in the post excerpt available.

Original reporting: https://www.cnbc.com/2026/08/04/michael-burry-bets-against-rally-we-are-near-a-major-top.html

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