Erik Schatzker writes:
Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway and even intervention by the Federal Reserve can’t prevent an eventual plunge of almost 50%.
In a note posted Thursday, Grantham, the co-founder of Boston asset manager GMO, describes U.S. stocks as being in a “super bubble,” only the fourth of the past century. …
The post YF: Jeremy Grantham doubles down on crash call, says selloff has started appeared first on The Loadstar.
Source: The Loadstar