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.

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Source Fool.com