"Big Short" investor Michael Burry has issued a fresh warning that the stock market is heading for a crash, describing current conditions as the "first stage of grief, denial." Drawing parallels to the 2000 and 2008 market cycles, Burry stated this denial phase typically lasts between six and nine months before a downturn materializes. The bearish outlook comes as the S&P 500 reached a new all-time high today, highlighting a sharp divergence between Burry's predictions and current market performance. The prominent investor has repeatedly forecasted a stock market crash within the current year despite equities continuing to set record highs.