Michael Burry, the fund manager famous for predicting the subprime crisis, has issued a warning about the US stock market. According to him, valuations are currently in a phase of denial similar to what was observed before the 2000 and 2008 crashes. Burry specifies that this denial phase historically lasted between six and nine months before each major market crash. This warning comes amid a context of sustained stock market gains despite worrying economic indicators.
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