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GMO's Jeremy Grantham Says Stocks Could Be Heading for a âMelt-Up'

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He warned investors to keep an eye on what is showing on television in restaurants. "When most have talking heads yammering about Amazon, Tencent and bitcoin and not Patriot replays -- just as late 1999 featured the latest in Pets.com -- we are probably down to the last few months," he wrote. "Good luck. We'll all need some."

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