Stock Indices

The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000.

The stock market looks to be the place to be long term, as it has always been. With all the tools at the disposal of government officials, economic collapse (as in the Great Depression) may no longer be even a minor probability in the decades to come.

The rise in the Dow could end tomorrow or perhaps we could see a continued rise for a limited time but trying to catch the last few points of the rise is an extremely dangerous exercise that could lead to ruin.

In this interview, Grantham discusses the futility of Federal Reserve policy, criticizes the state of American capitalism, and shares his thoughts on gold, Bitcoin, emerging markets and climate change.

Margin debt spiked by 9.6% last November and another 7.8% in December, the two largest month-over-month increases on record and is now up 62% since March of 2020. High margin balances tend to precede epic stock market sell-offs.

We are being brainwashed – gaslighted – into ignoring current threats – into believing that these threats are not real.

A look at the data provides some interesting insights as to what the election’s potential impact will likely have on financial markets.

Using the death cross with a 50-period and 200-period has reliably predicted some of the most severe bear markets that have occurred

Individuals are long-term investors only as long as the markets are rising. Despite endless warnings, repeated suggestions and outright recommendations - getting investors to sell, take profits and manage...[their] portfolio risks is nearly a lost cause as long as the markets are rising. Unfortunately, by the time the fear, desperation or panic stages are reached it is far too late to act and I will only be able to say that I warned you [- unless you take the time to read, and study the contents of this article]. Words: 1945; Charts: 10; Tables: 1

What hope can there be for motivated stock pickers to outperform the low-cost index funds that simply mechanically track the market? Well - in spite of the absurd rise of the Nobel-acclaimed, and highly promoted, Efficient Market Hypothesis that claims that individual investors can't beat the market - it turns out there is plenty! [Let me explain.] Words: 1574