The New CS Board

[jumanji0881]

Lance Roberts: GMO's Jeremy Grantham Is Correct, There's An 'Epic Bubble In Stocks' : https://www.zerohedge.com/markets/lance-roberts-gmos-jeremy-grantham-correct-epic-bubble-stocks

My comment : I'll hedge with SJB calls if I can buy them cheap enough. The Fed will need to buy a huge amount of Treasuries to keep interest rates down as bonds react to an economic recovery from the pandemic and to the potential of substantial fiscal stimulus from the Biden administration.

Excerpt:
While there is still potential upside for many of the stocks as central banks inject a record $1.4 billion in liquidity into capital markets every hour, there could be an adjustment in valuations as interest rates begin to rise.

The risk-reward for stocks has deteriorated materially, and the market is ripe for a drawdown.