Legendary investor Jeremy Grantham says he's certain the stock market is in a bubble after its 'truly crazy' rally this year
Matthew Lloyd/Getty Images for ReSource 2012
Legendary investor Jeremy Grantham told CNBC on Thursday he's certain the stock market is in a bubble following its "powerful, rapid, and, in many areas, truly crazy" rally from March lows.
"The more spectacular the rise and the longer it goes, the more certainty one can have that you're in the 'Real McCoy' bubble," the cofounder and chief investment strategist of asset management firm GMO said. Grantham initially express...