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Stock market commentary June 20, 2020

Stock market commentary

Interesting stock market commentary, stock market opinion about where the US stock market and stocks may be headed. Investing in stocks is challenging and risky, the valuation of stocks is a top important factor never to ignore.

‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns

“That is Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offering up a stark warning to speculators driving the stock market to new heights amid the greatest pandemic of the past century.

“This is really the real McCoy, this is crazy stuff,” said Grantham during a Wednesday afternoon interview on CNBC that appeared to knock some of the stuffing out of a market that had been drifting along listlessly on Wednesday.

Gratham painted a very dire picture of the investment landscape in the U.S., suggesting that rampant trading by out-of-work investors and speculative fervor around bankrupt companies, including car-rental company Hertz Global Holdings Inc. HTZ, -3.88%, reflects a market that may be the most bubblicious he’s seen in his storied career.”

Source: https://www.marketwatch.com/story/the-markets-in-la-la-land-and-one-warren-buffett-buff-warns-of-an-imminent-reckoning-for-oblivious-investors-2020-06-18?siteid=yhoof2&yptr=yahoo

Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ this is ‘crazy stuff’

“My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’
That is Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., offering up a stark warning to speculators driving the stock market to new heights amid the greatest pandemic of the past century.

“This is really the real McCoy, this is crazy stuff,” said Grantham during a Wednesday afternoon interview on CNBC that appeared to knock some of the stuffing out of a market that had been drifting along listlessly on Wednesday.

Gratham painted a very dire picture of the investment landscape in the U.S., suggesting that rampant trading by out-of-work investors and speculative fervor around bankrupt companies, including car-rental company Hertz Global Holdings Inc. HTZ, -3.88%, reflects a market that may be the most bubblicious he’s seen in his storied career.”

Source: https://www.marketwatch.com/story/stock-market-legend-who-called-3-stock-market-bubbles-says-this-one-is-the-real-mccoy-this-is-crazy-stuff-2020-06-17?mod=mw_more_headlines

Investing

Both of these investing opinions warn about a potential bubble for US stocks, and the dangers of stocks to buy now. However, even in bubbles, not all stocks are defined as stocks to sell. Stocks that have poor fundamentals, and their stock price has moved to higher levels based on the FOMO effect have more chances of being subject to a selloff. Stock investing, stock trading, stock picking will be challenging as we are waiting for important economic news to be released such as the real number for the second-quarter GDP, and the extend of the US economic recession.

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