Investing in a New Era of Global Tensions Jeremy Grantham, co-founder of GMO, is a voice of sanity in a world that is becoming less sane, one TikTok at a time. He wrote in his latest letter: As for the U.S. market in general, there has never been a sustained rally starting from a 34 Shiller P/E. The only bull markets that continued up from levels like this were the last 18 months in Japan until 1989, and the U.S. tech bubble of 1998 and 1999, and we know how those ended.
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Why Your Portfolio Embraces the "Cockroach…
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Investing in a New Era of Global Tensions Jeremy Grantham, co-founder of GMO, is a voice of sanity in a world that is becoming less sane, one TikTok at a time. He wrote in his latest letter: As for the U.S. market in general, there has never been a sustained rally starting from a 34 Shiller P/E. The only bull markets that continued up from levels like this were the last 18 months in Japan until 1989, and the U.S. tech bubble of 1998 and 1999, and we know how those ended.