Well, Mr. Grantham has published his quarterly newsletter - and he doesn't mince words. For those forecasting doom and gloom, you might want to skip this - it'll only make you feel worse. Anyway, his advice is as follows:
https://www.gmo.com/America/Research/
Michael
You can find the newsletter here - free, registration required. It's titled: Meltdown! The Global Competence CrisisOur advice until now was very simple: take as little risk as possible except for emerging markets. Now it is even simpler: take as little risk as possible.
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But for those who can keep some of their powder dry, there are likely to be much better investment opportunities in a year or two (or three) than we have seen for 20 years. Our motto should be:
Don’t be brave, run away.
Live to fight another day.
https://www.gmo.com/America/Research/
Michael