U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham

 

Fredag 21 januari 2022

Vid stängning hade Dow Jones handlats ned 1,3 procent. Nasdaqs kompositindex hade backat 2,7 procent och  S&P 500 tappat 1,9 procent.

DI fredag 21 januari 2022, 22:02

https://www.di.se/live/tekniksektorn-tyngde-pressat-wall-street-kraftiga-fall-i-twitter-och-amazon/

Stockholmsbörsen föll 2 procent

Sedan årsskiftet har OMXSPI-indexet backat med cirka 9 procent, inklusive fredagens handel. Även storbolagslistan OMXS30 har startat året med nedgång på cirka 5 procent.

Främst beror börsfallet på att centralbankerna, med amerikanska Fed i täten, börjat trappa ned på sina stödköp. Det säger Molly Guggenheimer, strateg på Danske Bank.

SvD 21 januari 2021

https://www.svd.se/stockholmsborsen-faller-over-2-procent

 
Generellt tycker jag att börsuppgången är väldigt välgrundad, säger Molly Guggenheimer, aktiestrateg på Danske Bank SvD/TT 28 juni 2021 

https://www.svd.se/borsen-2021-det-kan-gora-slut-pa-festen/i/senaste/om/naringsliv

For the first time in the U.S. we have simultaneous bubbles across all major asset classes,” said Grantham, co-founder of investment firm GMO, in a paper Thursday. 

He estimated wealth losses could total $35 trillion in the U.S. should valuations across major asset classes return two-thirds of the way to historical norms.

“One of the main reasons I deplore superbubbles — and resent the Fed and other financial authorities for allowing and facilitating them — is the underrecognized damage that bubbles cause as they deflate,” said Grantham.

MarketWatch 20  January 2022 at 7:05 p.m. ET 

https://www.marketwatch.com/story/good-luck-well-all-need-it-u-s-market-approaches-end-of-superbubble-says-jeremy-grantham-11642723516

 Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%.

Blooomberg 20 January 2022

https://www.bloomberg.com/news/articles/2022-01-20/grantham-doubles-down-on-crash-call-says-selloff-has-started

GameStop to Tesla: investor Jeremy Grantham on 'crazy' markets 

https://englundmacro.blogspot.com/2021/04/gamestop-to-tesla-investor-jeremy.html 

Jim Cramer says the stock market is getting closer to forming a bottom

CNBC 20 January 7:31 PM EST

https://www.cnbc.com/2022/01/20/jim-cramer-says-the-stock-market-is-getting-closer-to-forming-a-bottom.html