Market Would Fall by 12,152 Points in a ‘Black Monday’ Style Crash. Big Short Investor Says It’s Possible.

Michael Burry is still short, still warning of a shock on the scale of 1987, and doing so while the Dow sits near all-time highs and the VIX barely stirs. His reasoning traces back to a single, rarely seen S&P 500 signal he says has only appeared three times since 1999.