MarketWatch/William Watts/1-25-2023
“Think the bear market in U.S. stocks has been rough? The hard part may still lie ahead, according to longtime stock market investor Jeremy Grantham.The legendary co-founder of Boston-based investment firm GMO argued in a Tuesday paper, cheerfully titled, ‘After a Timeout, Back to the Meat Grinder,’ that ‘the first and easiest leg of the bursting of the bubble we called for a year ago is complete.’”
USAGOLD note: The great stock market bubble deflation will continue according to Grantham who says there’s another 17% left to the downside. Love him or hate him, it is difficult to ignore the fact that he got it right so far.
