GMO’s Montier Shifts To 50% Cash, Sees 3 “Hellish” Scenarios For Markets
by Tyler Durden
ZeroHedge.com
07/12/2015
“This is definitely the most difficult time to be an asset allocator,” warns GMO’s James Montier, telling conference attendees in Munich that he hasn’t been this risk-averse since 2008. Having warned six months ago that “stocks are hideously expensive…in a central bank sponsored bubble,” Montier sees three different “hellish” scenarios and as CityWire reports, warns investors, “I think it’s best to stand a bit and hold onto some dry powder,” despite the groupthink idolatry being practiced around the world.
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