Don't expect a massive drop to signal the end of the longest bull market in history, investor and GMO founder Jeremy Grantham.
Don't expect a massive drop to signal the end of the longest bull market in history, investor and GMO founder Jeremy Grantham said Thursday.
"I was really hoping there would be a magnificent bubble ending to this, as there had been to the three great recent experiences," he said referring to the tech bubble bursting, the housing crisis and Japan."They were all classic. They ended with euphoria and a rapidly accelerating stock market. They're easy; you know they'll be followed by an abject decline. This one, I was hoping that would happen.
Earlier this year, the Fed said it would be"patient" in hiking rates moving forward, but Grantham says the central bank will have a tough time boosting stocks moving forward.
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