Grantham Sees Stocks ‘Super Bubble,’ Says Selloff Has Begun
Bloomberg Businessweek
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What's the Bottom of a Bull Market?
Jeremy grantham says the pattern that has played out in the past, in 19 29, in two thousand and in two thousand eight, and also in japan, i should add, in the 19 in the late 19 eighties, is repeating itself. First, there's what he calls a blow, which is a rapid run up inspeculat ive stock prices,. Then the most speculative names in the market starts a collapse. And then he says, stocks the typically out form in a bull market, like the midcaps, the rustel two thousand, begin to under perform the higher quality blue chip names. He says that is a recipe for a crack in the
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