Grantham: the great meltup is here

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Everything is at record or multi year highs it seems; US stocks, Japanese stocks and even the ASX200.

Usually at these peaks, the howls from the bears would start to be heard in equal measure with the ebullient crowd of bulls, as the latter group look around nervously for more buyers.

But not this time, with legendary bear Jeremy Grantham actually on their side.

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