Wall Street titan Jeremy Grantham said this week that even after the S&P 500’s poor start to the year, he expects more declines ahead for the stock market.
“It’s likely that there will be considerably more pain before this is finished,” he said in a Monday interview with the Associated Press, arguing that the S&P 500’s fair value is “pretty close to 3,000,” as opposed to the 3,970 the index traded at on Wednesday.
