Stock Market Crash: Expert Who Called Dot-Com Bubble Warns of 40% Drop
- Stocks are off to a dismal start to 2022, with the S&P 500 down more than 16%.
- According to Albert Edwards, the total decline could end up being about 40%.
- Edwards said he thinks Jeremy Grantham is right to say stocks are in a bubble.
Investing legend Jeremy Grantham has been warning over the last year that a considerable bubble is developing in stocks.
On Thursday, Societe Generale's Albert Edwards joined Grantham in that assessment. The end result isn't going to be pretty, the global strategist and self-styled "uber bear" said in a note to clients.
"If GMO's 'premier league' investor Jeremy Grantham is right and we've just 'enjoyed' the fifth great bubble of the modern era, the coming bust will surely be devastating," Edwards said. "I …
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