This bubble looks very much like 2000, says GMO's Jeremy Grantham

Jeremy Grantham, GMO co-founder, joins 'The Exchange' to discuss historical bubbles and how he sees today in comparison to 2000. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: www.cnbc.com/2020/09/29/the-n...
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV

[@Mdebacle]

Back in 2007, Citigroup's Chuck Prince explained it, "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance."

[@rons5319]

If people wouldn't "dance," they'd have to change the music. Anyone who in in the SM today is responsible for the Fed's, the government's financial super corruption.

[@aeffebb]

He has been saying this for months and months when others were laughing him off. And guess what? He was right on the money.

[@William14094]

And he got it wrong the previous 10 years.

[@jean-baptistesay6941]

He is predicting dow3000. So no, he is totally off

[@indynoir2178]

@@William14094 Jeremy Granthem was the first to be bullish in 2009. When the market took off over the next 3 years he stated the market was over valued but indicated the Fed printing would likely cause the market to continue going up and form a bubble. He refused to call it an official bubble until 2021 when his newsletter indicated all the conditions of a bubble had finally been met. So he got nothing wrong, you simply don't understand nuance or follow him very closely.

[@jemje2007]

So much respect to this legendary investor. He was exactly right

[@William14094]

And he was wrong the previous 11 times. It doesn’t take a genius to eventually get it right.

[@Bonescratcher]

Lol. Respect for what?? Perma-bears don’t deserve any respect. Eventually they will be right but their followers will have missed out on massive gains

[@poppiethestable1090]

He/she Jeremy is wrong.wrong.wrong

[@jean-baptistesay6941]

Grantham is not a legendary investor by any stretch of the word

[@TrollLulCats]

Really? Ask yourself why he seems so confident in a crash yet his cash % of portfolio is sub 10%

[@Stanley594]

Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[@Joelgarcia47]

The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working

[@JamesRandle5]

I'm amazed you mentioned katrina susan, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service

[@anitalawrence2668]

This is not the first time i am hearing of Katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her

[@Joelgarcia47]

Through telegram

[@Joelgarcia47]

Katrinasusan is the name to look for

[@brianfantana8510]

He's successfully called 27 of the last 3 crashes.

[@penname4764]

lol

[@johnsmith-iq6lz]

You're full of it

[@SKSONKO]

😂😂😂

[@joewest3901]

@@johnsmith-iq6lz Nah he’s right. Grantham was calling bubble at the start of last year. If you’ve been sticking to his doomer narrative you have missed enormous gains before he finally found his moment back in the sun.

[@johnsmith-iq6lz]

@@joewest3901 no, you lost it all already

[@anonymous7egend]

They need to interview him longer - he has lived through everything

[@brendansmith7842]

So has buffett and they bought a LOT of stocks. Berkshire knows how the economy is doing.they outright own many businesses. If things were this bleak, would they have deployed over half their cash? Grantham is 80 or so. Buffett is 92. Both have lived through a lot. Buffett seems to see opportunity. After this guy was on cnbc the market crashed 200 pts in 15 mins though :o

[@30H3Sunrise]

@@brendansmith7842 they both can be right at the same time. Long term investing over many decades will produce good returns. But Grantham has it right here. This thing is a bubble.

[@brendansmith7842]

@@30H3Sunrise but would buffett be buying apple and especially banks if he thought conditions wre deteoriating? He added to apple. He has a lot of ceos who will tell him their opinions and how business is in general. They could be wrong, but still. I could see a major collapse if Russia unleashes a nuke, but potential for major eases on supply chain if China comes to its senses and there is some armistice in Ukraine. The rally on the war ending would be tremendous.

[@iamric23]

There's a better interview from , just type in "Calling a Super Bubble: Front Row With Jeremy Grantham" on you tube. It all makes sense, but be prepared to be scared after watching it if you care about your savings and investments.

[@purplerings1969]

@@brendansmith7842 Buffett was holding alot of cash before his recent buys. Plus, look at his buys, it's like oil, banks etc

[@purplerings1969]

Jeremy saved my pensions from the drop so far. I sold a bit early around mid 2021. Still it was higher than it is now and the market drop feels like it is only beginning.

[@MrSupernova111]

If you're near retirement of in retirement you're better off missing on some gains than losing a chunk of your wealth to market volatility. Great job and good luck!

[@manubhatt3]

He not only saved your pensions but also earned you a one year interest on wherever you put your money then.

[@TehBananaBread]

@@manubhatt3 interest. LMAO.

[@manubhatt3]

@@TehBananaBread ?

[@bfgwealth]

Good work - it’s very difficult to sell in bull markets!

[@cwsi]

Key words he said "The recession is never forecasted until its here" people never get it until its too late!

[@editorjohn8803]

Jeremy Grantham saved me a lot of money. Sold my entire portfolio in December and January, and now I'm holding cash and waiting to deploy once PE ratios come back down to earth

[@JamesClark-cg1qk]

Same here, 75% in cash, wish it was more.

[@radar0412]

70% cash as well. And I'm Only placing limit orders. I'm not chasing stocks. I'm gonna let the Market come to me.

[@bobbobertson7568]

Well if you heard the other part of his thesis you'll recognize that there might not be anywhere to really deploy your cash, outside of the sporadic spike in commodities. i.e. growth will stink for years

[@12iMovie12]

why not shorting - you can make money in a bear market - DCA into SQQQ

[@NipponThunderBolt]

nearly 100% in equities. i'm guessing pe multiple was much higher during the 2000 bubble...i heard david gardner(motley fool) say: stocks go down faster than they go up...but they always go up more than they go down...timing the market has always been a tricky challenge...i even have a few names that are currently well below their avg. pe multiple...

[@MrSupernova111]

This is the man to listen to! Thanks CNBC!

[@williamandrews781]

Jeremy Grantham is one of the world's best investors!

[@alexk729]

Not really

[@dayneholt4149]

Actually Alex he is.

[@alexk729]

@@dayneholt4149 He certainly is not. Agree to disagree. He’s had a fine career before the year 2000. He been smoked by most other investors for the past 20 years. Compare his returns to the average. I’ll wait.

[@romewasnotbuiltinaday]

@@dayneholt4149 It's a well known fact that Grantham has underperformed for years being a value investor. Growth has won.

[@mspaic10]

He is constantly calling for recessions. Awful record last 20 years.

[@cristinabaker5292]

After I got screwed in the Tech bubble years ago I've been solely investing in real estate. But with the recent hyper home pricing I've liquidated a few things and have $1M in cash laying around idle. Would love to get your recommendations, I'm in search of something lucrative in the current crazy markets.

[@alinaally6048]

I have my funds well diversified by using trade signals from my investment advisor Jennifer Elizabeth Boland a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part. My aggressive portfolio returned almost

[@cristinabaker5292]

@@alinaally6048 Interesting.. I'd love to start moderate and maybe advance to aggressive. Do you just give her your money or copy manually? I have a full time job. And what does Jennifer Elizabeth Boland charge for her services?

[@rianosherry860]

@@alinaally6048 I’m ever confident in Jennifer Elizabeth Boland's ability to create expeditious future benefit. I made profit withdraw in December. A total of $570k for the final quarter. I used all of it to buy gold and resume investment with my original $200k cap

[@alinaally6048]

@@cristinabaker5292 You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system. Check her out and get in touch if you'd need help. Charges 10-5% of profit.

[@iamric23]

I've never seen Kelly Evans look so somber while conducting an interview. That face said recession.

[@alexmendoza9270]

She probably doesn’t shop at a dollar store or Wallmart. If she did you would have known years ago.

[@jcrispy178]

He is dropping the facts, laying it out. She was like oh damn 🤣

[@xboxgamer2705]

This Man is a LEGEND

[@Hello-pl2qe]

Loved him in "trading places"

[@MrSupernova111]

hahaha

[@laupeter4594]

We should listen to the wisdom of an elderly. They lived most of their life already and I don’t think they say things for their own benefit anymore

[@foodinthe4198]

buy blue chip stocks that pay a dividend and don't freak out

[@TrionityIr]

This interview was longer. I can't find it anywhere.

[@romewasnotbuiltinaday]

What are the chances he's not wearing pants? I'd say 30% chance.

[@rons5319]

zero chance. The same chance SM is priced at its real value.

[@MaxMustermann-yj1wz]

Usually its good when jim is calling buy you just do nothing.Then market drops and these guy keep poping up, thats the time you slowly start buying.

[@ssuwandi3240]

So true. Dotcom plus Crypto bubbles in 2022.

[@chcknball185]

SPACs

[@harmonybringswealth9193]

Plus housing bubbles too, it’s bubbles everywhere

[@heinzbucksandcastle2053]

Jeremy is the greatest guy on TV today,

[@jdengsky]

There will be strong growth from technological advancement. But only after we take a short break

[@cupajoe640]

Only thing that changed has been market sentiment

[@thebearishbull2652]

*Fed rates * Demand pull-forwards * Inflation * Earnings Estimate Revisions *

[@RowanGontier]

Imagine this man telling bedtime stories.

[@Vevay1961]

Imagine losing all your savings because you want to believe fairy tales instead of the reality of a crashing market.

[@jasonk3605]

I've read articles about Grantham, but only recently have I watched him on video. It's totally different. This guy should be heeded.

[@netstarr77]

Bring back Dillon! He was the last CNBC angkor that had any idea what he was talking about

[@SS-lw8iv]

It's not a bubble, it popped

[@tvm73836]

What a pleasant person. I’m sure his grandkids look forward to meeting with him every Christmas!

[@carlosmendoza8312]

Yeah him and Uncle Adolf.

[@anshulkalra9099]

Dr Doom is back!

[@ThomasShelby-xz2fk]

Yeah if I was shorting the market I would want it to crash too.

[@jay_s9645]

Is the market still looks bubble after Nasdaq down more than 20% and individual tech companies down more than 50%? Wow

[@yomismo6969]

2017 nasd 5 to 6 k .five years later with covid inflation and war is at 11.4 k . This will answer your questions.

[@camwalker1186]

Yes, 100% of the Fed 20 year pumped air comes out. Nasdaq is going to 7500.

[@rams3955]

The nasdaq still has plenty of room to fall a crash would be 50%+ ~30% is just a pullback on the grand scheme of things

[@yomismo6969]

@@camwalker1186 4375. Plenty to Short. Can buy as much SARK as you want. Betting against Kathie is a sure bet.

[@rons5319]

@@camwalker1186 Nausea-daq 2000

[@petecheng1]

he called the top 5 times and got the last one right. he did call for 40% drop.

[@farnio]

Guy is washed up. People take him seriously because he has a British accent.

[@penname4764]

@@farnio agreed, he's been wrong too many times to take seriously. He's going to call every mini bubble ever in existence. He's been thinking the US is going to collapse every other year for the past 30 years. He's a dooms day preper disguised in a suit with a British accent.

[@gabev6172]

@@farnio lmao. That was good. But yeah I take ur just as smart if not smarter.

[@petecheng1]

@@farnio His performance is pretty good, about 15% per year for 30 years.

[@farnio]

I think he will eventually be right, I just think we are going to make new highs this year.

[@nagarajarajan5979]

Nice post bro I am just checking

[@Der8cho]

A real life Mr. Burns.

[@DG-hw8it]

Thanks for uploading..👍🇩🇪

[@jasonirby3382]

Of course markets will recover. They always do. I am pretty certain that 50 years from now the market will be higher than today. The more interesting question is will they be in 5 or 10 years. The NASDAQ took 15 years to claw it's way back to it's high point before the tech crash. 15 years.

[@DeathByOstrich]

There is no 20 year span in history of markets that are lower. NONE. pick any two years 20 apart and see.

[@jasonwhiteley3612]

Well I wouldn’t look at Japan 1990 to today still lower & it must of gone pretty close in the Great Depression as well but when US dropped 90% in the Great Depression very few people held on though if you bought any where near the lows the returns were fantastic just one example was warren buffet first share purchase was city services preferential at age 12 (petrol stations) which if he held until occidental bought it out in 1982 had a return of 20% a year which this single investment would of turned into $176000 but here the kicker if he kept achieving 20% til today it becomes 1/4 of a billion dollars.

[@jasonirby3382]

@@jasonwhiteley3612 Sure. As I said, if you want to hold for decades the US market always comes back. If you were a couple of years from retirement and you get hit by this market crash (S&P to 2000 maybe?) You ain't getting that back in 12 months. Maybe in 10 years.

[@spikey5216]

@@jasonirby3382 if u r couple of years before retirement and 100 in stocks then u deserved to lose money

[@jasonirby3382]

@@spikey5216 Agreed. But it doesn't take 100% allocation to crush someone's retirement plans. Someone trying to retire at 62 might have ~50% in stocks. This thing may lose 60%. If you lose 60% of 50% of your retirement that will put a real crimp in your ability to eat. If you have already just left your job, that can get ugly. Oh, and Bonds aren't doing that great either. YMMV.

[@natalieattkisson7997]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing,I do have a significant amount of that is required to start up but I have no idea what strate. gies and direction I need to approach to help me make decent returns.

[@chessandmathguy]

He repeatedly calls for selloffs and once in a while he's right! But that's the same as not calling for anything at all.

[@atmavictu2995]

Revenues are pretty good so demand is there, we need the chinese to stop locking down cities and a diplomatic solution in russia the inflationary pressures will ease

[@DeathByOstrich]

These are the drums I've been beating for 2 months.

[@manojbajaj931]

What bubble your fed is operator it creats bubble

[@paolopetrozzi2213]

Three years ago I saw this person for the first time: he was speaking about an imminent burst of the bubble; It was about 2018-2019... He has been repeating the samesince then, in every interview. Likely I didn't follow his suggestion in 2018-2019; Some say that if you keep saying that its going to rain, soon or later you will be right

[@anonymous7egend]

Nobody expected the fed to print $8t to save the stock market and now the people are suffering from inflation

[@bfgwealth]

In investing it’s not always how much you gain, but how much you don’t lose.

[@jeremygates51]

Mark my words the market has never predicted a recession, or a bubble! Know one saw the super V post pandemic!

[@stevencole7331]

Everything resets eventually and usually price of products are the determining factor on where the economy is hearing . Cheap products from china has fueled decades of growth and lower inflation. That has been affected by the pandemic . As suggested no flexibility . Companies have lost tons of profit not getting products to market depending on fragile supply chains to work . Logically interest rates will have to go higher and maybe allot more .

[@walden6272]

Not to mention World War 3 is about to commence as soon as Finland becomes part of NATO.

[@codester1111]

Spot on Jeremy you tried to warn people, but I still think this party is just getting started, the burn will continue. The mobs always believe that sunshine and unicorns are just around the corner.

[@dormbasedbusiness]

A broken clock is right twice a day

[@Omikoshi78]

It took him 14 years to tells us “I told you so”. 😂

[@somchai9033]

He's always right tops and market bottoms. It's documented

[@Omikoshi78]

@Mark Miwords Cramer picks are for cray crays only.

[@yokerecords803]

The Fed and market kept rates near zero for way too long. Their excuse was inflation was tame. My main question was "how did we get to a place that just because inflation is believed to be under control, we can keep rates near zero?" The Fed Funds Rate needs to normalize immediately. It needs to go to at least 4%. The longer the Fed plays chicken with rates, the greater the likelihood that something implodes. It is truly unbelievable to me as market participants beat the drum that the Fed has done too much or they do not have to do much more, etc. This market is completely broken and it does not appear that the right action is going to be taken any time soon. Only time will tell but the likelihood of a major crash is moving up significantly.

[@evanjameson5437]

100 percent correctomundo

[@bauttiet.h.u.g.5900]

Ok cool but if he's wrong will he come back on CNBC and state he was wrong?

[@rajeevnair32]

Yes, if he is wrong, he will come back on CNBC to reveal a new date for recession

[@walden6272]

@@rajeevnair32 If next quarter the GDP shrinks again, then it's officially classified as recession.

[@rajeevnair32]

@@walden6272 Agreed, and I am not contesting it. But astrologers are a dime a dozen. The truth of the matter is that no one knows! Now in this context, respectfully, Mr. Graham had multiple calls for a recession in the last ten years, all the way back in 2011, 2012, 2014, 2016, 2017, 2018, 2020, 2021, and many times in 1997, 98, 99 and 2000 and he finally turned right in 2001. So, my ask is, what is the benchmark for a call. Any time after a call is made? Now, I have a call that there is a recession sometime between now and the next 10 years and a boom between now and the next 10 years. Would this be an okay prediction for you?

[@julianschmahl8267]

He was right again. Basically just the start

[@penname4764]

The dude calls bubble every other year. Of course he's going to call one here

[@indynoir2178]

@@penname4764 He's called for 4 with his recent 2021 bubble call. He was spot on with the previous 3. 1989 Japan, 2000 Tech Bubble, 2008 Financial Crisis. Saying the market was overvalued from 2012-2020 but the Fed would probably keep the market going with money printing is not exactly calling a bubble every other year.

[@devuuu7940]

Absolutely correct … sending all of manufacturing to a country who don’t listen to USA

[@Xmj202]

Victory lap for JG

[@DashCamera]

great point, so what happened 20+ years later from 1929 1974 and 2000?

[@bobbyward2440]

1929 took till like 1955 to break even from the peak..not exactly sure about 74 and were talking spy 250 or so after this so minimal gains for 20 years

[@psnkropek6653]

Excuse me sir, this is a casino.

[@gloriajaimesa2811]

The perma BEAR 🐻 that has been alarming folks for 10 years. At a point in time, eventually, the prediction becomes a bit right.

[@JamesClark-cg1qk]

Bet he makes more money than you do...

[@jasonwhiteley3612]

Think you will find markets go thru period of irrational pricing & can stay overpriced for long periods

[@anatoly8018]

He was buying lots of stocks as well.

[@gabev6172]

2:11 - 2:15 lol

[@alexk729]

He might be right for the first time in 15 years

[@bobbyward2440]

And when we lose all 15 years of gains all your buy the dips will be gone..congrats. you played yourself

[@alexk729]

@@bobbyward2440 the S/P500 would have to lose another 80% to be back at the 2008 lows. That won’t happen. Also you would have missed out on 15 years of dividends compounding into more shares of ownership. I assume I don’t have to explain how dividends and compounding works do I? Who is playing with themself now?

[@bobbyward2440]

@@alexk729 oh..ok. so you were under the impression that growth under qe was real growth..it wasnt

[@alexk729]

@Mark Miwords history says that’s exactly what we’re supposed to do 🤷🏼‍♂️

[@alexk729]

@@bobbyward2440 not at all. I agree with you 100% QE went wayyy overboard. I’m just not in the camp we are going back to 2008 lows. I’ll DCA as we move lower as history indicates.

[@patrickw8453]

People are fools ignoring advise gained from experience men like this have......

[@BillyBob-op6lg]

Right. You have a bunch generation z man child’s thinking they are some kind of wolves of Wall Street like they know better just cus they made a little money off GameStop stock lol

[@ivak8988]

We need Tom Lee not this guy lol

[@Muzeishen]

Lol!

[@brutebiz82]

Yeah, Tom Lee. Someone else that has no clue what's going on in the market!

[@jasonirby3382]

I think Tom is swinging from a rope in his basement about now.

[@benjoe999]

yeah,but it's 2022

[@NoWarFools]

Someone ask Ray Dalio from me how trash cash is today? :-)

[@quietearthMT78]

The issue is that "bubbles" are a part of the way all the markets operate nowadays.... unchecked greed pushes leverage to it's absolute limits and everyone loves riding the wave to it's crest... then the wave inevitably breaks and everyone but the rich get wet. It's just going to keep going.

[@rons5319]

What you said is why the American standard of living is down down and down. The foxes are running the hen house. For now. But you can't get something for nothing.

[@brendansmith7842]

His points are valid but then warren buffett would be the biggest idiot around? Im a bit confused if that's true.

[@Vevay1961]

Buffett isn't an investor. He buys business for the sole purpose of earning the cash flow derived from them. Do that for 90 years like Buffett and you'll make money too.

[@uberboiz]

@@Vevay1961 "He buys business for the sole purpose of earning the cash flow derived from them." Isn't that the definition of an 'investor'?

[@rust5685]

Retail Earnings DON'T DROP LIKE THIS.....FUGAZI....OBLIVIOUSLY MONTHS AND MONTHS OF ???

[@RetroSega]

Why is this person talking about this during a major panic? Why not say this months ago? He doesn't know anything.

[@saiboddupalli]

He's been saying this for a while

[@joenartowicz199]

@@saiboddupalli every year since 2009. He's an absolute clown.

[@htconexify]

@@saiboddupalli ya even a broken clock is right twice. He still say it’s a bubble every correction

[@uwenzo]

Lol you will be right once in a blue moon

[@simonsayshi]

Lol he’s been saying this forever smh

[@jwass321]

Now it’s a bubble hahahah meme revenge inbound

[@madmantrader]

Stocks are very very expensive

[@kia524]

Striping every last penny from the American people before they bail.

[@ThomasShelby-xz2fk]

The current PE ratios in the market are absolutely no where close to the PE ratios in 2000. This guy is full of nonsense. Keep shorting the market Jeremy.

[@mdb1239]

most your guests today: DOOOOOOOOMMM .. DOOOOOOMMM .... DOOOOOMMMM

[@SilentEire]

It’s easy to look like a genius when you’ve been calling for a “pop” every year for decades 🤦‍♂️ who gives af about this decline. Just keep buying and keep your risk within reason. History has shown that investing pays off in the long-run. It’s far more financially detrimental to NOT invest then it is to invest and be in the red for a while

[@s1u8n]

Grantham doesn't call a pop every year like Peter Schiff. He's got pretty good timing, about 1-2 year early.

[@Lex41127]

didn't this guy close his fund because he lost so much why do we need his opinion

[@0my]

Just in time manufacturing.... Over-sea manufacturing.... All for profit. ignoring all risk.

[@whaleshrimp111]

Oh no not again! I get such a kick out of what people say at times like these. Buy the dip is the mantra going around on the internet. Cash is Trash is another well touted phrase. Some are saying not to worry Biden has everything under control. I have to hold on tight when I hear that one not to fall on the floor laughing. Personally I have been and am continuing to raise cash.To rephrase Jessi Livermore There is a time to go long, a time to go short and a time to go fishing.

[@kaya051285]

Inflation will be this decades story because China From 2000-2020 China was causing global deflation as American and European manufacturing jobs were replaced by Chinese jobs paying 1/20th the wages From 2020-2030 the opposite is true. All the manufacturing is already in China and Chinese wages in dollar terms are going to go up 10-15% a year this decade so all the manufactured cheap stuff is going to cost more for world consumers Maybe the world can find another cheap low wage country to take the place of China. That helps but it's not the same as 2000-2020 because you'll just be replacing cheap China labour with cheap Indian labor so there isn't the deflation to be had by moving from expensive to cheap labour a second time I don't think this will be significantly inflationary but I expect this decade inflation to be nearly double last decade. So 4% rather than 2%

[@sirus312]

This guy been saying this for like 20 years

[@rich2355]

When you say bubble that is one sector blowing until burst. Hasn’t this been a sell off in all sectors? Yes. Energy is next. Tech has changed our lives and recessions won’t be like before. Trust in long term quality. How has Grantham’s returns been? He’s probably not even invested. Most of these experts analyze the markets and never invest in the market. I don’t buy any of this. If you stayed invested in 2008, which was way worse, you are up over 400pct. Stop listening to people putting logic on something that is emotionally traded.

[@robertbowker2807]

Here here, how very sensible 👍 When it comes to the financial markets..... There are only two types of people, those who don't know and those who don't know that they don't know!!! 🤣

[@rich2355]

@@robertbowker2807 you are absolutely right! The only thing we know is statistically if we stay invested in quality and you have a long time horizon, more than likely you will have a positive return. But your statement is correct

[@robertbowker2807]

@@rich2355 thank you Richard and good luck 👍

[@InvestingCatalysts]

Forecast a hurricane EVERY day for 20 years. You are going to be a genius on a couple of those days. Enjoy it Jeremy. You've been forecasting a deep recession for over a decade. Maybe you will get lucky this time.

[@frenchbulldogsexoticfrench8201]

Yeah right ! Lol

[@JH-ww2ut]

Hes a permabear.

[@followerofjesuschrist.]

"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17,.,

[@GaryARahn]

CNBC giving airtime to this 🤡 means they are scared we are very near the bottom. You scared?

[@Rich_Mond007]

Need a 30 percent drop to be a healthy correction.

[@flyingdutchman1352]

50% for housing

[@jasonirby3382]

I'm expecting 60% before it's over.

[@Rich_Mond007]

60% would be awesome!

[@rickelliott3277]

Buy oil and be done with it

[@qake2021]

👌👌👌✌🏻🤞✌🏻👏👏👏👏

[@netstarr77]

These CNBC fools are freaking out. Lol

[@WordDefinition]

NO it doesn’t.

[@leinad5243]

She looks surprized

[@jaquamiwilliams9113]

This guy a ultra polar bear

[@atmavictu2995]

Drink everything time he says profit margins

[@teamtryxgg281]

Great depression is upon us

[@80sruler]

What are his thoughts on crypto ?😂

[@walden6272]

He believes it's a ponzi scam and has no value.

[@rons5319]

@@walden6272 Common sense view

[@virgilpalmer2427]

This recession is not going away.. Because the biggest company's are gaining huge profits.. (He doesn't even know we're in a recession now...🤣🤣🤣)

[@4lugan]

The bubble is fiat money and fake fiat money : bitcoin

[@poppiethestable1090]

Jeremy is just full of Tikkun Olam nonsense

[@monsterpig3270]

Who?????

[@smallfarmbiglife5389]

Grantham is a bubble! He has been predicting bubbles every year! Keep dollar coast averaging and focus on long term horizon.

[@farnio]

He keeps comparing the current stock market and economy to 1929. Never seen such noobery.

[@walden6272]

And he is right. History is repeating.

[@farnio]

@@walden6272 economy is wayyy different now than in 1929.

[@rons5319]

@@farnio The only difference is the Fed intervenes in the SM now and props it up.

[@MogulSuccess]

pandemic bubble