Jeremy Grantham, co-founder of asset management firm GMO, has issued a warning about a potential “superbubble” in the stock market. Despite current market trends nearing record highs, Grantham advises investors to tread carefully, foreseeing a significant market downturn. What Happened: Renowned for his precise predictions of the 2009 market bottom and the dot-com bubble, Grantham expects a serious market downturn. As per a Business Insider report on Wednesday, he believes that the S&P 500 could tumble to around 3,200 in a recession scenario and possibly as low as 2,200 in a severe recession. …
