Legendary investor Jeremy Grantham has sounded the alarm on the US stock market, predicting a potential meltdown in “super bubble” territory. According to Grantham, co-founder of GMO investment management firm, the longer and more extreme the rally, the higher the risk.
In a recent Bloomberg podcast interview, Grantham stated that he has viewed past financial crises and market tops through this lens, and believes the current situation is becoming increasingly precarious. He notes that the bigger and more prolonged the bubble, the more exciting and treacherous it will be for investors.
Grantham’s warning comes as the US stock market continues to reach record highs, leaving some investors wondering if a correction is imminent. With Grantham’s track record of accurately predicting financial crises, his words are being taken seriously by many in the investment community.
Source: https://www.marketwatch.com/story/jeremy-grantham-on-the-meltdown-coming-for-u-s-stocks-and-where-hes-putting-his-money-now-e186302f