Investor Education Series: Stock market bubble
According to famed value investor, Jeremy Grantham of GMO fund, the long long bull market since 2009 has finally matured into a full-fledged epic bubble, one in which he believes this particular bubble, when it finally burst, will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929 and the Tech bubble of 2000.
These great bubbles are where fortunes are made and lost – and where investors truly prove their mettle.
So are we in a bubble that is about to be pricked?
Are we waiting for the last dance?
In his article: Waiting for the Last Dance, Mr Grantham believes that it is highly probably that we are in a major bubble event in the US market, the type that...