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Grantham: U.S. Stocks Pricey but Could Avoid Major Decline

The lack of crazy euphoria in the market today may mean the market could bump along versus seeing a precipitous, sudden decline.

This video is the first of four with GMO's Jeremy Grantham. You can watch two, three, and four here.

Jeff Ptak: From the 30th annual Morningstar Investment Conference in Chicago, I'm Jeff Ptak, global director of manager research for Morningstar. I'm very pleased to be joined today by Jeremy Grantham. Jeremy is chairman of the board of GMO.