Subject: Re: CAPE fear
“GMO stands out as by far the most pessimistic asset manager of all with an average risk premium on US equities of -2.9%. No other institution comes even close with MFS the second lowest at -0.7% and Fidelity the third lowest at +1.2%. The highest equity risk premium on average came from Columbia Threadneedle at 5.4% followed by Wells Fargo Investment Institute at 5.1% and Pioneer Investment at 5.1% as well. ”

I haven’t read Hussman in a long time. I expect his US market expectations are much lower, yes?

I have an article here somewhere by Grantham of GMO, talking about a US market near-term melt up followed by a huge crash. Iirc he wrote it about 8 years ago. Predictions are hard, especially etc.