Legendary investor Jeremy Grantham is warning that the world is headed to “bubbleland.”
While markets across the globe aren’t in a bubble yet, they’re getting closer, said Mr. Grantham, the co-founder and chief investment strategist of Grantham Mayo van Otterloo. At the moment, he told attendees at a Morningstar conference in Chicago Wednesday, most stock markets in the world are overpriced — and the bond market is more overpriced that at any time in history.
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