ENTERING THE SUPERBUBBLES FINAL ACT (JEREMY GRANTHAM, (III))

 

 

 

 Our best guess is that the level of explained P/E will fall toward 15x, compared to the current level of explained P/E of just under 20x, while the actual P/E just rose from 30x to 34x in mid-August in what was probably a bear market rally.

SUPERBUBBLE: JEREMY GRANTHAM (II)

#superbubble#jeremygrantham
(2)

3. In 2000, the NASDAQ (which had been the main event of the tech bubble)
recovered 60% of its initial losses in just 2 months.
4. In 2022, at the intraday peak on August 16th, the S&P had made back 58% of its
losses since its June low. https://t.co/ctSepqMAET

— Guillermo Ruiz Zapatero (@ruiz_zapatero) September 1, 2022

 

 

 (3) Thus we could say the current event, so far, is looking eerily similar to these other historic superbubbles

SUPERBUBBLE: JEREMY GRANTHAM (I)

#superbubble#jeremygrantham
(1)

1. From the November low in 1929 to the April 1930 high, the market rallied
46% – a 55% recovery of the loss from the peak.
2. In 1973, the summer rally after the initial decline recovered 59% of the
S&P 500's total loss from the high. https://t.co/TzJ5hX3MrA

— Guillermo Ruiz Zapatero (@ruiz_zapatero) September 1, 2022

 

JEREMY GRANTHAM SOBRE LA BURBUJA ÉPICA DE LA BOLSA USA