Grantham’s warning makes vigilant bulls of us all

Bloomberg/John Authers/

“So. Is it a bubble or isn’t it? Last week, the veteran bubble aficionado Jeremy Grantham, founder of the GMO fund management group in Boston, opined that U.S. stock markets are now into the final stages of a speculative bubble, worthy of comparison with the dot-com bubble, the Great Crash of 1929, and the South Sea Bubble.”

USAGOLD note: After a lengthy exploration of bubble theory as it applies to the current stock market, the respected Mr. Authers concludes that Jeremy Grantham might be right. Can an investor be a bear and bull at the same time? Few, says Authers, fail to take Grantham seriously.

 Repost from 1-13-2021

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