WEALTHTRACK

The Bull Market: A Bubble of “Epic Proportions”


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We are celebrating the launch of WEALTHTRACK’s 18th season on public television this week! We feel so fortunate to serve you.

When WEALTHTRACK launched in July of 2005 our mission was to help our audience and ourselves build financial security to last a lifetime through disciplined, long-term, diversified investing. We vowed to seek out the best minds in the financial business to guide us.

This week’s guest is unquestionably one of them.

We’ll be joined by legendary value investor Jeremy Grantham, Co-Founder of the global investment management firm, GMO, Grantham is known for his prescient calls about market extremes and game-changing turning points. I will add that being far out of consensus is never popular.

He saw the tech stock bubble inflating in 1997, three years before it actually burst. It was an early call that cost GMO half of their asset allocation book of business at the time.

In the late 2000’s he warned of the developing subprime mortgage and credit bubble and came close to calling the actual 2008 bull market peak. He then called the market bottom nearly to the day in March of 2009.

When Grantham appeared on WEALTHTRACK in 2018 he was predicting a possible market melt-up, a powerful late-stage two to three-year-long market rally before an inevitable decline.

He got the melt-up right, even when figuring in the brief, 2020 pandemic induced bear market. And of course, the bull continues to this day. The U.S. stock market had an impressive first half of the year. The S&P 500 gained 14.4% to close at 4297.5, it’s 34th record close for the year.

Grantham will explain why he is calling this a bubble of epic proportions and suggest ways that investors can handle it.

WEALTHTRACK # 1801 broadcast on July 02, 2021

More info: https://wealthtrack.com/jeremy-grantham-shares-his-most-compelling-evidence-that-we-are-in-a-bubble-of-epic-proportio

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WEALTHTRACKBy Consuelo Mack

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