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If you'd like more insight on where this is going, I'd recommend looking into Jeremy Grantham. He called this correctly in 2021, before it burst: https://www.
by grey-area 4y ago
If you'd like more insight on where this is going, I'd recommend looking into Jeremy Grantham.
He called this correctly in 2021, before it burst:
https://www.livewiremarkets.com/wires/grantham-this-is-a-bubble-this-is-serious https://www.livewiremarkets.com/wires/grantham-this-is-a-bub...
He feels there is still farther to fall (and I agree with him there):
https://www.msn.com/en-us/money/markets/prepare-for-an-epic-finale-jeremy-grantham-warns-tragedy-looms-as-superbubble-may-burst/ar-AA11kChZ https://www.msn.com/en-us/money/markets/prepare-for-an-epic-...
Falling stock prices are really a reflection of real-world problems - while it obviously feels in the US like everything is fine (judging from the many comments saying this here on this thread), everything is not fine, companies looking at their P/L and laying off staff are not fine, and the Fed is deliberately going to cause a recession and cause unemployment to stop inflation, which is a very brutal and indirect tool to do so.
This will not be a soft landing.
- abduhl 4y agoThe Jeremy Grantham interview you cite to for him "correctly" calling a bubble in 2021 was posted on May 28, 2021. S&P was at $420.04. S&P closed today at $395.52. The S&P continued to climb from May 28, 2021 until January 2022. I would not label this "correctly" calling a bubble when he is off by over 6 months and equities remain within 10% of when he gave his interview.
- grey-area 4y agoThe peak came after he spoke, in late 2021, and it’s not over yet, bear markets often have rallies. The nasdaq in comparison to s&p has larger losses from peak as it was the epicentre of the bubble this time, hence the layoffs there, but every sector is going to suffer.