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Gordon Johnson, CEO / Analyst at GLJ Research, shares a statement from J. Grantham noting that since 1929, major firms have never instructed clients to leave the market when it was overpriced, including ahead of significant downturns such as the 1929 crash, the Nifty Fifty collapse in 1972, and the 2000 tech bust.
The comment emphasizes that firms hesitate to warn clients about market bubbles because doing so can lead to a substantial loss of business.
Johnson has previously addressed market reactions to major events. He questioned whether Tesla's FSD or autopilot features were active during a recent crash involving the company. In another report, Johnson highlighted that no oil tankers crossed the strait over the weekend, while oil prices held steady ahead of U.S. market trading despite the development.