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1.Market Observations

21 Nov 2013 (AFR) – Overpriced US shares will climb higher, says Grantham

(21 Nov 2013, AFR, p28, Karen Maley)

‘Legendary investor Jeremy Grantham has predicted the US sharemarket could climb a further 30 per cent, even though it is “already badly overpriced” and he foresees the likelihood of a new market crash in the future. Grantham, the cofounder and chief investment strategist at the $US112 billion ($119 billion) Boston-based fund manager GMO, has an impeccable track record, having called both the internet bubble and then the US housing bubble.’

Read more at AFR.com (might need AFR login access)

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