Markets Insider: Jeremy Grantham, Jeffrey Gundlach, and Other Market Veterans Predict Pain for Stocks - and See a Recession Ahead
Article by Theron Mohamed in Markets Insider
The S&P 500 burst past 5,000 points for the first time this week, as investors celebrated strong corporate earnings, slowing inflation, the growing prospect of interest-rate cuts, and the fading threat of a recession.
Yet several leading investors and economists remain convinced that stocks will tumble and a recession will strike the US. Here's a roundup of their latest dire warnings:
"The stock market will have a tough year," Jeremy Grantham told ThinkAdvisor recently, noting that US stocks are "almost ridiculously higher priced" than equities in other countries.
The market historian and cofounder of fund manager GMO sounded the alarm on a "superbubble" spanning stocks, housing, and ....