Grantham Sees Bubble Signal in Huge Penny-Stock Volumes

Jan.22 -- Jeremy Grantham, co-founder and chief investment strategist of Boston’s GMO, points to the trillions of shares traded in penny stocks as the kind of “crazy behavior” indicative of a bubble top in the equity market. He also discusses investors’ misplaced faith in monetary stimulus. Grantham spoke exclusively to Erik Schatzker on Bloomberg’s “Front Row.”

[billytheweasel]

Sick of CNBC squawking-on defending hedge fund speculators who rage-cry over Reddit speculators playing their own short game back at them.
Jeremy Grantham is a wonderful example of doing things right, and doing things well.

[JoeDoe]

What a hypocrite. If he really believes in the "bubble" and subsequent crash, why is he still willing to take people's money (5 million minimum investment) and put it into his U.S. stock fund which is full of the same bubbled up stocks as other funds? One word: FEES

[lorenzmuller]

Well, he is fully invested in equities himself.

[timeforachange-is]

This isn't a political party debate. This is a debate about the working class compared to the welfare class and elites. My niece lives the equivalent of grossing $180K per year this year working 10 hours a week as an Uber Eats Driver. (Uber asked her to work more but she refused.) HUD, well actually the taxpayers that PAY TAXES into the system when it is all said and done, pay for her $2, 300 per month 2, 800 square foot home with hardwood floors, stainless steel appliances and granite countertops. She has six children by five different men (twin toddlers), and none of the men pay child support, or are involved in any way with their children. And yes, her latest boyfriend is a drug dealer. She told HUD she couldn't work, and therefore the taxpayers pay 100% of her rent, utility stipend, $1, 000 SNAP, fully insured with $0.00 deductibles, and now GIG insurance. Which one is it? She claims that she works when she receives taxpayer money, and doesn't when she is asked to pay a very small portion of her rent. She spent two weeks this summer at a luxury condo in Panama City due to all the money she is received and continues to receive. Oh, let me know forget that she also receives ~$5, 000 per year in earned (really unearned) income annually. But there is a problem, the unearned income tax credit caps at three children, so she claims three children, and her crack-addict mother claims the other three on her taxes. You see, they always find a way around the system. Our government is so broken that a 9th grade education with a 1.0 "D" GPA, is able to outsmart them. She buys what the political parties have been selling on TV, "It's not your fault." Well whose fault is it when we begged her every time to stop dating men and live for her children? Every time she told us that she had her tubes tied, and every time she lied. She now states that she is going to keep having kids because she never intends to work more than 10 hours a week EVER. Oh, and yes the side benefits, her 13 and 15 year old daughters now state "we are going to drop out of school like mama did at 16, because we want a free house too." I believe they will accomplish their goals. Two of her children live with their great-grandfather who is almost 82. She gives him $0.00, and she keeps getting the check for her 16 and 17 year old children. With the exception of our military, our government does absolutely nothing correctly. This political party debate is all garbage, the real debate is between the generational welfare moms, like my niece, who are destroying this country, and the elites that tell her it isn't her fault; compared to the working parents putting in 60+ hour work weeks while missing their children's milestones so my niece can continue to procreate as a living. She doesn't love her children, if she did she wouldn't allow the new drug dealer boyfriend in the house, instead she uses them to make a living. You want this country to come together and unite, make the welfare moms, like my niece, GO TO WORK. At a minimum stop incentivizing bad behavior while the working parents are punished with 60+ hour week weeks for good behavior.

[Morrice]

This Dinosaur has no minimum understand of cryptos!

[chaintightsecuritysystems]

He says "Everyone is all in. They can only put their last dime into the market. Therefore we are at a top!" Really? Is the Fed "all in?" Is the Fed down to their last dime? Or can the Fed print an infinite amount of money? Stocks are overvalued relative to what? The dollar? What happens when the Fed prints an infinite amount of dollars? Then what are stocks worth? What is anything worth relative to an infinite number of dollars? Seriously dude. Please tell us what happens when there is an infinite number of dollars pumped into the stock market and almost zero dollars pumped into the real economy? Even if they pump more stimulus checks into the economy... what is the stock market worth relative to a worthless dollar? Is it different this time? Do you think? Have we ever printed infinite amount of dollars? Great depression? Printed trillions of dollars? TRILLIONS OF DOLLARS? Can you even wrap your head around that? The Fed is stealing from the poor and giving to the rich through the stock market. Yes. Yes. Listen to this idiot and you will be one of the poor the Fed is stealing from.