A Bear Reawakens After a Bullish Run
Posted on January 27th, 2010 by Admin
Wall Street Journal
GMO’s Grantham Warns of a Stock Bubble
Jeremy Grantham, the investment guru who correctly predicted the 2009 market rally, now warns that a new bubble is forming.
Stocks are likely to move higher in coming months, but prices are expensive, and long-term investors should be mindful of a volatile mix that Federal Reserve policy and government actions are causing, according to Mr. Grantham, the frequently bearish chief investment strategist at Boston-based institutional money manager GMO.