The GMO co-founder and investor detailed his bearish sentiment by mentioning he’s shorting junk bonds and the Nasdaq Composite.
'A Dangerous Looking Moment in Global Economics' — Veteran Investor Jeremy Grantham Warns S&P 500 Could Plunge Another 26%
Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo believes Standard and Poor’s 500 could drop another 26% during the next 12 months, according to statements the veteran investor made last week. The GMO co-founder detailed his bearish sentiment by mentioning he’s shorting junk bonds and the Nasdaq Composite as well.
GMO Co-Founder Says ‘Deterioration in Fundamentals’ Is Shocking — ‘Central Banks Will Be Spooked, They’ll Do What They Can, Maybe’ The investor and GMO co-founder Jeremy Grantham’s stock market outlook is gloomy, and last Wednesday hethe Reuters Global Markets Forum that things could be far worse than the subprime mortgage fiasco 15 years ago. “This is a more dangerous looking moment in global economics than even the madness of the housing bubble of 2007,” Grantham opined during the Reuters event.
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