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This commentary from Jeremy Grantham explores the prolific rise of stock prices since 2009 and explains how sky-high earning multiples impact the value investor. In doing so, he draws parallels between the current environment and price action seen in the housing marketing during 2008 and the tech bubble of 2000. As we mentioned in the past, with the current state of the market, now may be the time for caution.

                                                               Click Here to Read

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