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.”





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