Adario Strange
Business

Internet Bubble? Investment Expert Says ‘Worldwide’ Bubble Coming

This was a historic week for the stock market as the Dow hit 13,000. But some are wary of drinking the euphoria kool-aid currently gripping Wall Street. The Street.com picked up some recent commentary from well-known investor Jeremy Grantham who said: “The bursting of [this] bubble will be across all countries and all assets, with […]

Jgrant
This was a historic week for the stock market as the Dow hit 13,000. But some are wary of drinking the euphoria kool-aid currently gripping Wall Street.

The Street.com picked up some recent commentary from well-known investor Jeremy Grantham who said:

“The bursting of [this] bubble will be across all countries and all assets, with the probable exception of high-grade bonds," Grantham warned. "Since no similar global event has occurred before, the stresses to the system are likely to be unexpected. All of this is likely to depress confidence and lower economic activity.”

Are you scared yet?