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Jeremy Grantham says stocks could be heading for a ‘melt-up'
10-01-2018, 11:34 AM,
Post: #1
Jeremy Grantham says stocks could be heading for a ‘melt-up'
Famed US investment strategist Jeremy Grantham says stocks could be heading for a ‘melt-up’

Stephen Vines
PUBLISHED : Wednesday, 10 January, 2018, 11:04am
UPDATED : Wednesday, 10 January, 2018, 11:06am

Jeremy Grantham, the famous fund manager, vividly describes world markets as being at a ‘melt up’ stage, leading to a spectacular stock market melt down within six months to two years. Grantham is worth listening to, having correctly called both the 2000 and 2008 busts.

The chief investment strategist for GMO in Boston is generally known as a market bear and so some believers in the current strength of the markets have taken his remarks as a remarkably bullish view of the near term.

“As a historian of the great equity bubbles, I recognise that we are currently showing signs of entering the blow-off or melt-up phase of this very long bull market,” Grantham wrote in a letter to investors.

More details in http://www.scmp.com/business/companies/a...ocks-could
Specuvestor: Asset - Business - Structure.

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