“My best guess as to the longest this bubble might survive is the late spring or early summer, coinciding with the broad rollout of the COVID vaccine.” Jeremy Grantham, Founder of GMO
Waiting for the Last Dance The Hazards of Asset Allocation in a Late-stage Major Bubble Jeremy Grantham January 5, 2021 Download the complete letter Waiting for the Last Dance by Jeremy Grantham here. The long, long bull market since 2009 has finally matured into a full-fledged epic bubble. Featuring explosive overvaluation, explosive price increases, frenzied…
