Jeremy Grantham, Michael Burry, and other market gurus expect stocks to plunge further. Here's a roundup of their latest comments.

Jeremy Grantham.Alison Yin/AP Images for DivestInvest

• Jeremy Grantham, Michael Burry, and other market gurus expects stocks to fall further.
• Grantham and Burry both forecast the S&P 500 will drop by at least another 50%.

Jeremy Grantham, Michael Burry of "The Big Short" fame, and other investors and commentators have warned stocks could tumble a lot further before the current downturn is over.

These market veterans, who fully expected asset prices to retreat, have cautioned that rising interest rates and stubborn inflation could spark further declines and drag the US economy into a recession.