Grantham: Sell riskiest investments now

Discussion in 'Wall St. News' started by turkeyneck, May 11, 2011.

  1. In a quarterly letter Tuesday to institutional clients of Boston-based money manager GMO, the firm’s chief investment strategist said shareholders should take risk off the table now, rather than by October as he had advised earlier this year.

    “The environment has simply become too risky to justify prudent investors hanging around, hoping to get lucky,” Grantham said. “Investors should take a hard-nosed value approach, which at GMO means having substantial cash reserves around a base of high-quality blue chips and emerging-market equities.”

    http://www.marketwatch.com/story/sell-riskiest-investments-now-grantham-urges-2011-05-11
     
  2. around a base of high-quality blue chips and emerging-market equities.”

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    LOL and when the markets tanks a few 1000 points by end of summer, those who rolled into these Blue Chips will have a great chance to buy them again at half price.....

    If you like them at 90 your gona love them at 50