Michael Burry and Jeremy Grantham are bracing for plunging stocks, stubborn inflation, and a painful recession. Here's what 10 elite investors are saying about the market outlook.

elite investors are bracing for a painful recession and further declines in stocks and other assets

They feel confident in their predictions. US inflation surged to a 41-year-high of 8.6% in May, the S&P 500 and Nasdaq indexes have slumped by 19% and 28% respectively this year, and the US economy will officially be in a recession if GDP contracts for a secondconsecutive quarter.

Here's what 10 of the world's best investors are saying about the current market outlook:

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The housing bubble bursting and the aviation disaster reminded Michael of falling stocks.

It is similar to watching a plane crash.

The investor of "The Big Short" fame said that the purchasing power of the US dollar is being eroded by inflation.

He said that they all see it every single day.

The boss of the asset management company said Americans are saving less, borrowing more, and spending the money they stashed during the swine flu epidemic. The US economy is on borrowed time and consumer spending and corporate earnings are going to fall.

He said that it was a consumer recession and more earnings troubles.

The greatest speculative bubble of all time in all things was diagnosed in June of 2021.

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The stock market would tumble further, the US economy would suffer a near-term recession, and inflation would linger during an interview with CNBC.

The transition from fossil fuels to clean energy is one of the inflationary drivers flagged by the market historian.

"All in all, we face some very intractable inflationary problems," he said.

A "super bubble" in financial markets will end in a devastating crash and historic loss of wealth according to the man.

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During the Sohn Investment Conference this week, Stanley Druckenmiller predicted that there would be a recession next year.

According to CNBC, the head of the family office pointed out that inflation has never been reined in without causing a recession. The odds of an economic downturn were raised by the scale of the asset bubble, the Russia-Ukraine conflict, and the zero-covid policy of China.

Many people were going to lose a lot of money on risky assets they purchased because of the hype and speculation in financial markets during the Pandemic.

The billionaire investor didn't want to bet too much on further declines.

If you get aggressive in a bear market on the short side, you can get ripped off in rallies.

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According to a transcript on Sentieo, Tom Siebel said markets would be a little rocky for the next two years.

The market backdrop was described as a perfect storm by the technology billionaire.

He said that the four horsemen of the apocalypse all happened at the same time. Pestilence, famine, war, and death were just some of the things he referred to.

US inflation of 8% is laughable given how much food, fuel, and rent has gone up. He remembered the months before the financial crisis and the dot-com crash.

According to Siebel, the new wave of people who went home to work in their PJs and get paid in digital currency during the Pandemic were predicted.

He suggested that the plunging value of their stock options and investments would force them to return to their normal job.

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The current market events are extraordinary according to Howard Marks.

He said that the conditions are not similar to the ones he has experienced, such as Russia's invasion of Ukraine, America's economic rivalry with China, and historically low interest rates.

An economic downturn would reveal which investors overextended themselves or racked up too much debt during the market boom, warned the billionaire investor.

When the tide goes out, we find out who was swimming without a bathing suit. We know who made good credit decisions and who made bad ones when economic and financial conditions become more difficult. We're going to see.

Marks said that the market downturn was an attractive opportunity for bargain hunters.

He said that they are happier than they were six months ago.

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Kevin O'Leary downplayed the risk of a recession during an interview.

The "Shark Tank" investor said that many of the companies in his portfolio were struggling to hire people.

Consumers still haveStimulus money they haven't been able to spend because of supply-chain disruptions, which is why O'Leary expects an "inoculated recession".

The TV star advised investors to take advantage of the bargains on offer.

He said to take advantage of the correction by buying discounted stocks. The market is giving you a gift.

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