The real-life inspiration for *The Big Short*, Michael Burry, is bearish again As the S&P 500 hits an all-time high and the Nasdaq surges nearly 5% in just two days, he’s issued a direct warning: the U.S. stock market is approaching a major peak, and what could follow might be a 1987-style cliff dive. While everyone’s chasing AI gains, he’s putting real money on the short side. His current short list is razor-sharp: He’s shorting the semiconductor ETF (SOXX), NVIDIA, Micron, Applied Materials, Tesla, Palantir, and Caterpillar. So far, aside from his NVIDIA short still being in the red, all his other short positions are in profit.