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Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ this is ‘crazy stuff’

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MarketWatch/Mark DeCambre/6-20-2020

graphic image of investor hitting the sell button on a pad“My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.”  – Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co.

USAGOLD note:  The highly respected Mr. Grantham called the stock market reversal in 2000 and the 2008 financial crisis.  He says it’s time to get out of stocks – 100% out ………