Jeremy Grantham: Careful Buying is Justified

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This post reports on Jeremey Grantham’s latest quarterly newsletter entitled “Reaping the Whirlwind”. “At under 1,000 on the S&P 500, US stocks are very reasonable buys for brave value managers willing to be early. History warns, though, that new lows are more likely than not,” said Grantham. […]

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