Jeremy Grantham: The market is 25% overvalued; 15% correction coming

Jeremy Grantham is out with his much anticipated Quarterly Letter and it’s a good one. “Just Desserts and Markets Being Silly Again” is a cutting, snarling, and sarcastic rejection of the prevailing V-shaped recovery bull market view.  But Grantham is far from ultra-bearish, giving a more nuanced and realistic assessment for the medium and longer-term. He starts his letter with sarcastic allusion to Obama’s Nobel Prize, titling the section “Just Desserts.” I can’t tell you how surprised, ev

Some great bear market investing tips in this post.

This entry was posted on Tuesday, October 27th, 2009 at 3:59 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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