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MarketWatch/Mark DeCambre/6-20-2020
“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 ………