Grantham doubles down on stock market ‘superbubble’ collapse

Seeking Alpha/Joshua Fineman/5-18-2022

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“‘This bubble superficially looks like very much like 2000, focused on U.S. tech, led by Nasdaq going to incredible highs,’ Grantham added. Grantham’s comments come after his January commentary that the stock market is in a “superbubble” and he expected the S&P 500 to plunge about 45% from current levels to a mark around 2,500.”

USAGOLD note: Grantham is calling for a recession – “mild or severe is the question.” He says that what we have now is like the 2000 bubble, but “dangerously likely to morph into the 1970s.”

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