Investing.com investing.com 07 Jan, 2021 11:45 am

On Late-Stage Bubbles, and How to Survive Them By Investing.com

On Late-Stage Bubbles, and How to Survive Them By Investing.com
StockBeat: On Late-Stage Bubbles, and How to Survive Them

“Don't wait for the Goldmans and Morgan Stanleys to become bearish: it can never happen.These signs include behavior, especially by small investors, that Grantham characterizes as “crazy”.” Additionally, he notes, “the volume of small retail purchases, of less than 10 contracts, of call options on U.Sadly, there is just no way of timing the top.

” He cites 1999, when his clients acted “as if we were deliberately and maliciously depriving them of gains”.If you can’t time the end of the bubble, then at least concentrate exposure where things are relatively cheap, Grantham argues.

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