Article · CNN Business · January 21, 2022
The stock market is a 'superbubble' about to burst, top hedge fund manager warns
In his letter “Let the Wild Rumpus Begin”, Grantham declared the fourth “superbubble” of the last century in US stocks, bonds and housing.
- Author
- Paul R. La Monica · Journalist, CNN Business
- On behalf of
CNN Business- Quotes
- Jeremy Grantham · Co-founder of GMO
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The stock market is a 'superbubble' about to burst, top hedge fund manager warns
Stocks are off to a tough start this year. The tech-heavy Nasdaq is already in a correction, a more than 10% drop. And if one the most influential hedge fund managers is to be believed, this could be only the beginning of a very painful time for investors.
Quotes
„In a bubble, no one wants to hear the bear case. It is the worst kind of party-pooping.”„Good luck! We’ll all need it.”What the index did
Nasdaq-100, level on the day of the warning: 14,438 (01/21/2022)
| 1 mo. after the warning | 3 mo. after the warning | 6 mo. after the warning | 12 mo. after the warning | to date | Largest drop within 12 months |
|---|---|---|---|---|---|
| −3.9% | −5.0% | −12.6% | −17.8% | +86.9% | −26.0% |