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Investing.com – According to legendary investor Jeremy Grantham, the probability of a stock market crash in the US in a few years is quite large – as much as 70%, and there are clear parallels between the current market situation and previous crashes, writes Business Insider.
Initially, Grantham estimated an even higher probability of a “bubble” that is about to burst – 85%.
The essence of the “bubble” is in asset prices, and it is already on the verge of bursting, as the co-founder of GMO warned.
“I’m only interested in really big bubbles like 1929, 2000 and 2021,” the legendary investor said.
In previous crashes, stocks benefited from a “near-perfect” economic environment for nearly a decade before bottoming out.
The reason he revised his forecast slightly better – a 70% chance – is due to the recent rally in technology and AI.
— Materials from Business Insider were used in the preparation
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2023-07-04 17:01:00
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