An experienced investor predicts uncontrollable stock market declines in the United States

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According to Bloomberg, famous investor Jeremy Grantham, who is well known for his market bubble predictions, has made a bold prediction regarding US equities.

Stocks in the United States Are About To Collapse – Jeremy Grantham

Grantham forecast a historical kind of collapse in the US stock market around a year ago, and now he feels the collapse has already started. And, as per the investor, even if the Fed intervened, the market would still crash by roughly 50%.

In the meantime, Grantham claims that the present condition is similar to past worldwide collapses like as 1929, the dot-com bubble in 2000, and, most lately, the great financial crisis of 2008 and that US stocks are now in a “super bubble” as well. He went on to say that he believes this bubble will explode.

His motivations, on the other hand, may not be that far-fetched. The S&P 500 was down 45 percent from Wednesday’s closing and another 48 percent from its January 4 high.

Grantham, though, said in a Bloomberg “Front Row” interview that he wasn’t convinced about the bubble when he made his forecast last year. “I felt highly likely, but perhaps not nearly certain. Today, I feel it is just about nearly certain,” he remarked. 

Surprisingly, Grantham’s study is based on a large number of sources. Apart from some of the most speculative equities collapsing since February 2021, the mad investor behavior of last year was the final sign of a bubble in its late stages, according to him, which was the final straw.

The surprising emergence of nameless digital currencies and meme coins, as well as the millions of dollars spent irrationally on non-fungible tokens, or NFTs, are examples. According to the famous investor, it’s time for the dramatic crash to begin.

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