If Jeremy Grantham is talking about a US ‘superbubble’, we should listen.
Grantham’s thesis is that US stocks are in a “superbubble”, an upgrade on last year’s diagnosis of “an epic bubble”, and that the US has seen only three other such extreme events in the past 100 years – the Wall Street crash of 1929, the turn-of-the-millennium dotcom mania and the housing market madness of 2006.
Wall Street Ends down as Markets Whipsaw Ahead of Fed Meeting
* Microsoft gains in after-hours trading after results* American Express, IBM rise on strong earning
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