Some strong words from Jeremy Grantham of GMO about the US stockmarket may be ringing in many investors' ears right now as markets climb ever higher.
In a blog post on the GMO website, the company's co-founder wrote: "The long, long bull market since 2009 has finally matured into a fully fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterical investor behaviour, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea Bubble, 1929, and 2000." As an Asian equity investor it is not my place to dwell on US stock markets. However, the more I look at valuations and current trading patterns there, the more I tend to agree...
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