The stock market, like the economy, responds in large measure to intuition and emotion. It’s not what the numbers say. It’s what investors think the numbers say.
MarketWatch is the most pessimistic financial site there is. They CONSTANTLY forecast doom and gloom. And they consistently take shots at Trump.
Grantham is a global warming loon. About 10 years ago his website said that the scientists disputing AGW were the same ones who the tobacco companies hired to dispute that cigarettes cause cancer.
“Stock-market legend who called 3 financial bubbles says this is the “real McCoy’ of bubbles”
and if he calls the market the “real mccoy bubble of all bubbles” each and every month, eventually he’ll have correctly called his fourth bubble ...
So - does it say how many predictions he made that turned out to be wrong?
My memory is that Grantham NEVER turned bullish after the 2008-09 bear market.
For normal investors, it's simple. Buy depressed stuff where you know the value is potentially there. The real danger isn't over-valuation, but a new panic brought on by the left.
This guy is probably short and eagerly waits for the next salvo from the Left's anti-Trump cannon.
Jeremy Grantham has successfully predicted 15 out of the last 3 market downturns.