Jeremy Grantham predicted the past 2 financial meltdowns. Now he says these 3 signals are foreshadowing a crash in another bubble being created by stocks and SPACs

• Investing legend, Jeremy Grantham, famous for predicting stock market bubbles breaks down the indicators he uses to evaluate when a bubble might burst on the “Think For Yourself” podcast with Vikram Mansharamani.
• Grantham highlights SPACs are ‘encouraging the most obscene levels of speculation’ and “should be illegal.” He sees the SPAC frenzy and the wider market rally as classic bubbles set to pop.
• “So the [stock market] could go up another 20% to 30% in a hurry, but it is checking off all these crazy indicators one by one,” Grantham said, on the podcast.
• It’s becoming a little dangerous to be a bear in this market, Grantham said, which is often a sign of a stock market bubble that is close to bursting.

“SPACs should be illegal,” legendary investor Jeremy Grantham says.

Special Purpose Acquisition Companies (SPACs) are acting as a way to escape the prudence and regulation that the securities and exchange commission should be insisting on, Grantham said on Vikram Mansharamani’s podcast and webinar series, Think for Yourself, last month.

The podcast series enables listeners to eavesdrop into conversations with influential financial experts and business leaders. Grantham is an expert and legend in the investing industry, co-founding asset management firm Grantham, Mayo & van Otterloo (GMO) in 1977.