Top Investors: S&P 500 Expected to be 45% Below Current Level

Jeremy Grantham, investment manager and founder of financial services firms Grantham, Mayo and van Otterloo, has released a report explaining why the stock market is so valuable. Grantham said in a statement that the United States has entered the "performance bubble" with real estate, contracts, goods and services. He compares the current situation with that of Japan in the 1980s, when business and real estate prices were very high. “When negative thinking returns to the market, we will face the greatest asset in American history,” Grantham said. % of current level. He pointed to the fact that demand for commodities is expected to fall from last year's peak, referring to "market behavior" such as meme stocks, cryptocurrencies and electric vehicle company metrics. .