Michael ‘Big Short’ Burry: The Worst Is Yet to Come

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By Dan Weil The S&P; 500 has dropped 17% year to date but rallied in the two months through Aug. 16 amid interest-rate optimism. No one can accuse the famed investor Michael Burry of inconsistency. The man immortalized by Michael Lewis’s book-turned-into-movie “The Big Short” has been bearish on stocks and other risk assets for months. On Sept. 6-7, he took to Twitter to again warn of trouble. “No, we have not hit bottom yet,” he wrote in one tweet. “Watch for failures, then look for the bottom. 2 SPAC ETFs failing is not near enough.” The S&P; 500 has dropped 17% year to date but rallied in t…

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