'Big Short' investor Burry says sudden crash after record surge would be uncharted territory

Investor Michael Burry, known from “The Big Short,” commented in a Sunday discussion that the ongoing record stock rally (referencing the US SP 500) is unlikely to end in a sudden, “needle top” style crash. He described a needle top as unprecedented — “mythical until proven” — signaling skepticism that the market will experience an abrupt collapse despite lofty valuations. The remark is market commentary that may temper crash fears and could support risk-on positioning in the near term by reducing perceived tail-risk of an immediate, sharp drop.