ECONOMIC growth is precarious, unemployment is painfully high, debt levels are staggering and the stock market isn’t all that cheap.
That’s the view of Jeremy Grantham, the chief investment strategist at GMO, the Boston investment firm, who believes that the stock market is bound to endure some very lean years. But in the near term, there is a good chance that the market will rally, he said.
Why? “We are entering the sweet spot of the presidential election cycle. It’s very hard to bet against it.”
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That’s the view of Jeremy Grantham, the chief investment strategist at GMO, the Boston investment firm, who believes that the stock market is bound to endure some very lean years. But in the near term, there is a good chance that the market will rally, he said.
Why? “We are entering the sweet spot of the presidential election cycle. It’s very hard to bet against it.”
Read the complete story
