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Thursday, May 03, 2007
There's Still Time to Buy! A prognosticator says every asset class in every country is swelling in a giant bubble. Everything is going to pop everywhere. But don't worry, there's still time for us all to get rich before it happens. But here's the kicker: Even Grantham thinks you probably need to be bullish right now. The reason? Most bubbles, he notes, go through a short but dramatic "exponential phase" just before they burst. Like Japan in 1989 or the Internet in early 2000.Well, this pessimist has had enough pain. I'm all in! |
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