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Warren Buffett and Michael Burry Just Sent Wall Street a Grim Warning: The Stock Market May Be Headed Lower

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Warren Buffett and Michael Burry Just Sent Wall Street a Grim Warning: The Stock Market May Be Headed Lower: https://g.foolcdn.com/editorial/images/744502/market-red-1.jpg

Many stocks are up sharply this year as signs of economic resilience reinvigorated investors. The broad-based S 500 is up 15% year to date, and the tech-heavy Nasdaq Composite is up 29%.

But Wall Street legends Warren Buffett and Michael Burry apparently see a reckoning for overvalued equities on the horizon, as both investors recently took steps to protect their portfolios from a stock market correction.

Here are the details.

Source Fool.com

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