“In his new note, GMO’s Jeremy Grantham starts out pretty blunt:
Lighten up on risk-taking now and don’t wait for October 1 as previously recommended. But, as always, if you listen to my advice, be prepared to be early!
Grantham notes an assortment of challenges: Geopolitical stress, long-term impact of the Japanese earthquake, the oil shock, and general commodity increases dragging down economic growth. etc.
He even introduces his own version of the “Sell In May” idea:….”
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