The stock market's bubble bust will only be halfway over when the Fed starts cutting rates - and there will be much more pain ahead, legendary investor Jeremy Grantham says
"You tell me when the first interest rate cut is, and I will tell you when the second half of the pain is going to start."
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: The stock market's bubble bust will only be halfway over when the Fed starts cutting rates - and there will be much more pain ahead, legendary investor Jeremy Grantham says

### Response: "You tell me when the first interest rate cut is, and I will tell you when the second half of the pain is going to start."