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Jeremy Grantham: Stocks are seriously overpriced
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Monday, February 08, 2010
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From Newsmax:

Jeremy Grantham, chief investment strategist at GMO, says stocks are overpriced now.

"The market … is worth only 850 or so; thus, any advance from here will make it again seriously overpriced, although the high-quality component is still relatively cheap," Grantham wrote in his latest quarterly letter released this week.

Grantham is cautious indeed on the medium to long-term outlook; he thinks that after...

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Topics: Guru | Stocks
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