Michael Burry Warns Of Severe Market Turmoil

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FILE- In this Sept. 16, 2008, file photo traders work in the product options pit at the New York Mercantile Exchange in New York. Home prices had sunk, and foreclosure notices began arriving. Layoffs began to spike. Tremors intensified as Lehman Brothers, a titan of Wall Street, slid into bankruptcy on Sept. 15, 2008. Stock markets shuddered and then collapsed in a cascading panic that government officials struggled to stop. The financial crisis touched off the worst recession since the 1930s Great Depression. (AP Photo/Seth Wenig, File)
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