Legendary investor Jeremy Grantham says the stock market right now is in the 4th 'Real McCoy' bubble of his career

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• Renowned investor Jeremy Grantham told CNBC on Wednesday that the US stock market seems to be forming a 'Real McCoy' bubble that may end up hurting investors.
• Grantham, said this may be the fourth and most "crazy" major market bubble in his long career, referring to the strong rebound in US stocks from coronavirus-induced lows in March.
• The investing legend is notable for calling out three previous market bubbles: Japan in 1989, the tech bubble in 2000, and the US housing crash in 2008.
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A stock market legend, Jeremy Grantham, seems certain that the US stock market's strong recovery from its historic lows in March will end up in pain for investors. 

"My confidence is rising quite rapidly that this is, in fact, becoming the fourth real McCoy bubble of my investment career," he said in a CNBC "Closing Bell" interview aired on Wednesday.

See the rest of the story at Business Insider

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