Jeremy Grantham (GMO) Interview: Macro Perspective of 2011
1 Mensagem
|Página 1 de 1
Jeremy Grantham (GMO) Interview: Macro Perspective of 2011
Legendary investor Jeremy Grantham told CNBC today investors should be mostly in cash and wait for stock prices to fall.
Mr. Grantham says investors have a third choice between buying stocks versus buying bonds and that is through cash holdings. He believes cash offers investors security and 'optionality' because if the stock market crashes you have cash as an available resource.
Mr. Grantham also added that he believes the S&P 500's (SPX) fair value is around 900 versus its current value of 1,210 today. Thus, Mr. Grantham believes stocks are roughly 25% overvalued.
Mr. Grantham is a strong critic of the Federal Reserve and thinks the central bank should stick to controlling the money flow. He is strongly against its recent stimulus efforts, including its recent announcement of $600 billion in quantitative easing.
<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" >
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1640401359/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1640401359/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
*Check out the complete transcript of Maria Bartiromo’s interview
http://www.cnbc.com/id/40131748/
Mr. Grantham says investors have a third choice between buying stocks versus buying bonds and that is through cash holdings. He believes cash offers investors security and 'optionality' because if the stock market crashes you have cash as an available resource.
Mr. Grantham also added that he believes the S&P 500's (SPX) fair value is around 900 versus its current value of 1,210 today. Thus, Mr. Grantham believes stocks are roughly 25% overvalued.
Mr. Grantham is a strong critic of the Federal Reserve and thinks the central bank should stick to controlling the money flow. He is strongly against its recent stimulus efforts, including its recent announcement of $600 billion in quantitative easing.
<object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" >
<param name="type" value="application/x-shockwave-flash"/>
<param name="allowfullscreen" value="true"/>
<param name="allowscriptaccess" value="always"/>
<param name="quality" value="best"/>
<param name="scale" value="noscale" />
<param name="wmode" value="transparent"/>
<param name="bgcolor" value="#000000"/>
<param name="salign" value="lt"/>
<param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1640401359/code/cnbcplayershare"/>
<embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1640401359/code/cnbcplayershare" type="application/x-shockwave-flash" />
</object>
*Check out the complete transcript of Maria Bartiromo’s interview

Remember the Golden Rule: Those who have the gold make the rules.
***
"A soberania e o respeito de Portugal impõem que neste lugar se erga um Forte, e isso é obra e serviço dos homens de El-Rei nosso senhor e, como tal, por mais duro, por mais difícil e por mais trabalhoso que isso dê, (...) é serviço de Portugal. E tem que se cumprir."
***
"A soberania e o respeito de Portugal impõem que neste lugar se erga um Forte, e isso é obra e serviço dos homens de El-Rei nosso senhor e, como tal, por mais duro, por mais difícil e por mais trabalhoso que isso dê, (...) é serviço de Portugal. E tem que se cumprir."
1 Mensagem
|Página 1 de 1
Quem está ligado:
Utilizadores a ver este Fórum: acintra, Google [Bot], iniciado1, jls1, latbal, malakas, OCTAMA, Olhar Leonino, Shimazaki_2, silva_39, trilhos2006, VALHALLA e 164 visitantes