While markets are not yet in bubble territory, Jeremy Grantham warns that they are getting closer. He does not believe that imminent interest rate hikes will halt the market's ascent.
Legendary investor Jeremy Grantham is warning that the world is headed to “bubbleland.” While markets across the globe aren’t in a bubble yet, they’re getting closer, said Mr. Grantham, the co-founder and chief investment strategist of Grantham Mayo van Otterloo. At the moment, he told attendees at a Morningstar conference in Chicago Wednesday, most stock markets in the world are overpriced — and the bond market is more overpriced that at any time in history.
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