Pundit Review | Pundits yelled to buy, NetEase plummeted by 30%, "Mr. Disaster" ETH once reached $15,000, did Grantham finally guess right with his annual bearish view?

The U.S. stock market plunges, and the cryptocurrency market follows suit with a grim decline. Typically, during such times, ordinary investors often receive analysis information curated by traditional media, such as the renowned Raoul Pal, also known as the "Disaster Master," CNBC personality Jim Cramer, and the legendary investor Jeremy Grantham who has been widely covered recently. But are they worth referencing?

Raoul Pal

Raoul Pal, a former executive at Goldman Sachs, later became active in the cryptocurrency field as a long-term Bitcoin investor. Last year, he gained fame for shifting his support to Ethereum. Recently, he claimed to have only one Bitcoin left in his asset allocation.

However, industry insiders and venture capital firms are often overly optimistic. On December 1st, he stated on the InvestAnswers program that Ethereum would reach $15,000 by the end of 2021, $20,000 by March 2022, and $40,000 by the summer.

He almost called the top as Ethereum was approaching its historical high of $4,867 at the time.

CNBC Host Jim Cramer

Jim Cramer's commentary covers U.S. stocks, cryptocurrencies, and even meme stocks. However, his recent tweets have become a Twitter meme, as on January 3rd, he expressed optimism about Netflix's stock price.

However, since his tweet, Netflix (NFLX) has dropped by 34%, including a 21.79% plunge after its financial results were released due to slower subscriber growth than expected by the market.

In response, Jim Cramer stated that he fully understands Netflix's underperformance but believes the stock price has reached a certain level of support and is poised for a rebound.

Legendary Investor Jeremy Grantham

Jeremy Grantham's recent statements have been widely quoted in the media. At the age of 83, he was once hailed as the "legendary prophet of disasters" for predicting the financial crises of 2000 and 2008. He recently warned that a super bubble has formed in the U.S. stock market, which could lead to a nearly 50% crash.

Back in August 2017, Grantham advised against buying the S&P 500, but the index continued to hit new all-time highs thereafter.

In March 2019, he expressed pessimism, suggesting that the future 20-year return rate for the U.S. stock market may be significantly lower than investors expect, averaging only 2-3% annually.

Regarding the recent discussion of a super bubble, Grantham first mentioned it in October 2020, claiming that the super bubble would burst within a few months or weeks, causing the S&P to plummet by 60%. However, the S&P 500 has since risen by nearly 40%, with an increase of about 80% from 2017/8 to the present.

After years of predicting a downturn, the decline has finally arrived, thrusting Grantham into the spotlight across major media outlets. However, what consequences might follow if one were to invest based on these insights? And what market opportunities might be missed?