GMO’s Grantham warns market bubble will burst

Jeremy Grantham, co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), says current market conditions that feature “extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior” demonstrate that the the long bull-market run in Wall Street since 2009 has turned into a “fully-fledged epic bubble.” According to the famed British value investor who predicted the 2000