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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (103121)	2/3/2008 12:40:59 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Costa Rica is cheap too. Cuba probably the cheapest.

To: Les H who wrote (103121)	2/3/2008 11:44:47 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Jeremy Grantham, the money manager who oversees $157 billion as chairman of Grantham, Mayo, Van Otterloo & Co., says investors should shun stocks and hold cash during the worst financial crisis in more than 60 years. "Don't be a hero," Grantham said in an interview from his office in Boston. "Move to cash and let the other guys fish around for the bargains in the wreckage." Dubbed a "perma-bear" for his dour view on U.S. equities for more than a decade, Grantham correctly predicted a crash in technology stocks two months before the bubble burst in March 2000. Now, he tells his firm's investors that if they want to risk investing in stocks, they should stick with the "highest-quality" large U.S. and emerging-market shares. "This is the most important U.S. financial crisis since World War II," he said. seattletimes.nwsource.com