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Grantham: We're Closing In on Bubble Territory

Another 5%-10% appreciation would put the market in bubble territory, but that doesn't mean it will pop right away, says the GMO chief investment strategist.

Jason Stipp: I'm Jason Stipp for Morningstar. We're at the 2015 Morningstar Investment Conference and just attended a session by GMO's Jeremy Grantham talking about whether we're in a bubble and why it may or may not be breaking. He is here to offer some insights on that.

Jeremy, thanks so much for joining me.