Grantham Warns Stocks Overvalued, Sees AI and Bull Market Hype as the Next Bubbles Soon to Burst
• US stocks are overvalued and due for a major pullback, warns investor Jeremy Grantham
• Current AI frenzy is a bubble that will inevitably burst
• Full employment and high valuations make sustained bull market unlikely
• Grantham compares current market hype to previous bubbles before crashes
• Sees flaky US growth as unsustainable given global instability and long-term threats