and about to pop, thanks to the end of ultra-low interest rates and ample liquidity in the market that brought stocks to dizzying highs during the pandemic.
"They've engaged in policies that drive up the prices of assets, other things being even, and create spectacular overpriced bubbles. They then break because that's what bubbles have to do. They simply break off their extreme overpricing, and we pay a very tough price," Grantham said., he noted that bubbles could take several years to fully pop, and predicted the market to bottom out late next year.
In the meantime, Grantham saw mild pain in the year ahead for investors. Stocks should be back in the"meat grinder" phase of the market, he said, due to typical patterns seen in an election year and presidential cycles. But the losses won't be devastating in comparison to where the market where eventually bottom.
victoraulb Dr., a quienes no golpearía esto?
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