LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News

Prominent investor: S&P 500 expected to plunge about 45% from current levels

January 21, 2022
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

Jeremy Grantham, co-founder and chief investment strategist at asset management firms Grantham, Mayo and van Otterloo, released a report outlining his reasons for the massively overvalued stock market.

Grantham said in the report that the United States has entered a “bubble feast” involving real estate, bonds and commodities, as well as stocks. He compares the current situation to Japan in the 1980s, when stocks and real estate markets were grossly overvalued. “When pessimism returns to the market, we’re going to face the biggest drawdown in underlying wealth in U.S. history,” Grantham said, adding that the S&P 500 could at least fall back to its trendline, around 2,500, a plunge of about 45% from current levels . He cites “crazy investor behavior” such as meme stocks, cryptocurrencies and EV company valuations as examples to make his point, also pointing to the fact that speculative stocks have fallen sharply from last year’s highs.

Previous ArticleMeta Panda launches community channel MTXM/USDT exchange function
Next Article Russia’s Central Bank Proposes to Ban Cryptocurrency Mining in the Territory

Related News

June 10, 2023

Bitcoin Payments Company Strike Announces Direct Bitcoin Escrow Service for Users

June 10, 2023

Analysis: Robinhood users hold ADA, MATIC and SOL worth about $583 million, forced sale before June 27 may be one of the main reasons for the market decline

June 10, 2023

Crypto takes a hit, but not as much as lira plunges, Turks embrace cryptocurrencies like USDT

June 10, 2023

Nigeria to introduce 10% capital gains tax on cryptocurrencies

June 10, 2023

The net stablecoin outflow in the past 30 days is close to $1.2 billion, and the crypto market inflow is mainly driven by BTC and ETH

June 9, 2023

Pakistan Intends To Launch Digital Currency Comparable To Bitcoin

June 9, 2023

British FCA official: After the cryptocurrency promotion rules come into effect, free promotion NFT, cryptocurrency airdrops will be banned

June 8, 2023

PUMA and NBA star LaMelo Ball will release NFT digital sneakers on June 29

The Latest
Bitcoin News June 10, 2023
Bitcoin Payments Company Strike Announces Direct Bitcoin Escrow Service for Users
Market News June 10, 2023
Analysis: Robinhood users hold ADA, MATIC and SOL worth about $583 million, forced sale before June 27 may be one of the main reasons for the market decline
Altcoin News June 10, 2023
Crypto takes a hit, but not as much as lira plunges, Turks embrace cryptocurrencies like USDT
Policy News June 10, 2023
Nigeria to introduce 10% capital gains tax on cryptocurrencies
Altcoin News June 10, 2023
The net stablecoin outflow in the past 30 days is close to $1.2 billion, and the crypto market inflow is mainly driven by BTC and ETH

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.