QOTD: Jeremy Grantham Hates Him Some Bonds

Dan Burrows over at CBS Money Watch dug into the latest missive from GMO’s Jeremy Grantham (a long-time must read for me and hopefully for you).  Jeremy lays out his investment posture here in the early innings of 2012, here’s what he had to say about bonds:

“We are literally running out of superlatives to describe how much we hate bonds.  Yields are pitiful, dangers of even a slight recovery that could wreak havoc for long-duration portfolios loom, and monetary policies globally certainly have added to the specter of rising yields.”

So there you have it. Head over for why GMO is sticking with value over and growth and shifting from emerging to developed foreign markets.

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