Jeremy Grantham says U.S. stocks are in a 'magnificent bubble' -- here are three of his safe haven picks

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This super investor says the market is due for a correction. It might be time to listen

Grantham recently told CNBC that equities in the U.S. are in a “magnificent bubble,” larger even than those in 1929 and 2000, which kicked off the Great Depression and signaled the end of the dotcom bubble, respectively.He predicted the dotcom collapse and the 2008 meltdown of the real estate market. He’s also in charge of about $60 billion as the investment chief at asset management firm Grantham, Mayo, & Otterloo.

But the insurance and healthcare leader is well positioned to weather any long-term financial tumult as well. UnitedHealth is a diversified company. In addition to its thriving insurance business, it also provides software and information technology to a number of clinics and hospitals.This advertisement has not loaded yet, but your article continues below.U.S. Bancorp is the parent company of U.S. Bank, one of the country’s largest banking institutions.

 

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