Stocks have a 70% chance of crashing in a few years: Jeremy Grantham

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The stock market has 70% chance of crashing in a few years, according to legendary investor Jeremy Grantham

of the stock market's bubble."I suspect it already has elongated this process somewhat. There is some fairly some small chance I think it will mitigate it to such an extent that will we only have a modest decline," he added.

Over the longer term, he acknowledged that advances in artificial intelligence could pose risks to humanity, adding that he agrees with calls to regulate AI."My guess is it's not operating on the timeframe of this bubble," he explained."We have a year or two here to have a fairly traditional bubble losing air, a fairly traditional recession, and fairly traditional decline in profit margins — and some grief in the stock market.

Other Wall Street experts have warned of a coming recession that could wipe out the current rally in stocks. Investors are in for a

 

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