Jeremy grantham says the pattern that has played out in the past, in 19 29, in two thousand and in two thousand eight, and also in japan, i should add, in the 19 in the late 19 eighties, is repeating itself. First, there's what he calls a blow, which is a rapid run up inspeculat ive stock prices,. Then the most speculative names in the market starts a collapse. And then he says, stocks the typically out form in a bull market, like the midcaps, the rustel two thousand, begin to under perform the higher quality blue chip names. He says that is a recipe for a crack in the
Bloomberg Opinion Pharma Columnist Lisa Jarvis discusses how a vaccine to prevent all Covid is within reach. Bloomberg Businessweek Editor Joel Weber and Bloomberg Senior Economics Writer Shawn Donnan share the details of Shawn's Businessweek Magazine story How Did ID.me Get Between You and Your Identity? Bloomberg News Editor-at-Large Erik Schatzker talks about his interview with famed investor Jeremy Grantham who says U.S. stocks are in a “super bubble.” Nikki Baird, Vice President of Retail Innovation at Aptos, discusses a strong holiday shopping season for retailers. And we Drive to the Close with Ben Kirby, Co-Head of Investments at Thornburg Investment Management.
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.
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