Stocks To Fall Another 50%?

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October 19, 2008

Stocks To Fall Another 50%? October 19th, 2008 Jeremy Grantham’s quarterly letter, published yesterday, is a classic. It’s also a two-parter, so we’ll get the pleasure of another half in two weeks. In the meantime, there’s plenty to chew on in this half. We’ll carve it into a few posts this weekend. First: As we’ve noted before, the three great stock-market bubbles of the 20th Century–US in 1929, US in 1965, and Japan in 1989–were all followed by price troughs that were 50% below fair val
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Original post by Trader Pool