One of the co-founders of asset manager Grantham, Mayo, Van Otterloo & Co. (GMO) has made a dire warning to investors, predicting that the stock market is currently in the midst of an unsustainable bubble that may leave many investors caught with their pants down.
In an interview with Bloomberg, Jeremy Grantham, GMO’s chief investment strategist and co-founder, warned that, true to his reputation for bearish market bets, the worst is yet to come for the stock market,
