UJB - Grantham: 'This Is The Real McCoy Of Bubbles... Crazy Stuff'
Billionaire investor and GMO co-founder Jeremy Grantham is growing more and more sure that the U.S. stock market's rebound amid the coronavirus pandemic is a bubble that will end up hurting many people.
"My confidence is rising quite rapidly that this is the fourth 'Real McCoy' bubble of my investment career…"We've now reached a level where you buy bankrupt companies and issue stock in bankrupt companies" Grantham told CNBC's Wilfred Frost. Here is a direct video link.
A note on Grantham's comments about emerging market securities and how they offer better value than "ludicrously"