'Big Short' investor Michael Burry warns stocks are long overdue for a crash — and 'fragile' markets could worsen it

Source: Business Insider

Michael Burry of "The Big Short" fame said markets have become "more fragile. "Jim Spellman/Getty Images; Tyler Le/BIPricey US stocks are long overdue for a painful correction, Michael Burry wrote on his Substack. He warned that a return to historical valuations would require the S&P 500 to be cut in half.