As Thanksgiving is approaching, we have compiled the following list of articles that we think are of interests to our readers.
- GMO Jeremy Grantham, Bubble Watch Update. Likely that S&P 500 reaches 2250 before crash, as bubbles always will reach a far extended level before crashing. Also has GMO 7 year asset return prediction:
It also gives the following asset allocation:
- John Hussman, November 10, 2014 – Do the Lessons of History No Longer Apply? This time is not different: when stock market reaches an overvalued and over-extended level by various long term valuation metrics, it will also reverse back. Usually it will undershoot even. It is just a matter of when. Like it or not, Hussman still has one of the most plausible arguments when it comes to economies and market valuations, even though his fund has some implementation issues.
FPA Fund Robert Rodriquez, Reality Check. Rodriquez and his firm FPA runs some of the best conservative funds. His opinions on the fundamental structural issues in the US and developed countries and these countries’ fiscal (ir)responsibilities are worth listening. Things have not changed substantially since the financial crisis and it might get worse before it gets better.
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