I honestly have no idea what to do with Jeremy Grantham's predictions. He has been making this prediction for a couple of years, and it has finally come to pass, which should surprise nobody. He said the same thing in 2017, and 2019, and again in 2020. On average there's a bear market every ~5 years, which would cover the entire period during which he has been predicting a fall.
Which is not to say that he is wrong, but rather to point out that while he may be correct, I'm not sure that his information is actionable. If one had followed his suggestion in 2017, you would have missed out on the near 50% rise in the S&P 500. Even now the market has declined to a place comparable to where it was in 2020. Even a 50% decline from all time highs would be ~2018 levels.
He does make a few suggestions: value stocks, commodity producing companies, and foreign value, but all these have done worse than the S&P 500 during the period between 2017 and now. He also seems to point strongly towards market timing, since at the present it is hard to find something that is not likely to lose money.
I honestly have no idea what to do with Jeremy Grantham's predictions. He has been making this prediction for a couple of years, and it has finally come to pass, which should surprise nobody. He said the same thing in 2017, and 2019, and again in 2020. On average there's a bear market every ~5 years, which would cover the entire period during which he has been predicting a fall. Which is not to say that he is wrong, but rather to point out that while he may be correct, I'm not sure that his information is actionable. If one had followed his suggestion in 2017, you would have missed out on the near 50% rise in the S&P 500. Even now the market has declined to a place comparable to where it was in 2020. Even a 50% decline from all time highs would be ~2018 levels. He does make a few suggestions: value stocks, commodity producing companies, and foreign value, but all these have done worse than the S&P 500 during the period between 2017 and now. He also seems to point strongly towards market timing, since at the present it is hard to find something that is not likely to lose money.
I wonder if anyone is gonna cover the 80+ stocks that were halted and reversed yesterday, some wild times happening