Jeremy Grantham Warns of 70% Chance of Stock Market Crash

Legendary investor Jeremy Grantham has warned that there is a 70% chance of a stock market crash in the next few years, citing parallels between the current market and previous crashes. Grantham initially estimated an 85% chance of a bubble burst but revised it to 70% due to the recent tech rally fueled by excitement for artificial intelligence (AI). While he expressed concern about the emergence of a mini bubble in AI, he believes it may only lead to a modest decline. Grantham also acknowledged the long-term risks of AI and agreed with calls for regulation. Other Wall Street experts have also warned of a coming recession that could impact the stock market.