Daily Stock Market News

Stocks, Bonds, Real Estate in a Bubble, Says Investor Grantham

Jeremy Grantham, co-founder of money manager GMO, has been saying for several years that U.S. stocks are in a bubble, and he’s not changing his tune now.

The 83-year-old investor, who correctly predicted the stock bubbles of 2000 and 2007, says that now, it’s not just stocks that are in a bubble. So are bonds, real estate and commodities.

As for stocks, “we have the most exuberant, ecstatic, even crazy investor behavior in the history of the U.S. stock market,” Grantham wrote in a commentary.

“The U.S. market today has, in my opinion, the greatest buy-in ever to the idea that stocks only go up, which is surely the real essence of a bubble.”

Read More: Stocks, Bonds, Real Estate in a Bubble, Says Investor Grantham

You might also like
A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.