Doomsday debunked: Warren Buffett, investing elite, deny market meltdown on cards
We took that as a prompt to check what other well-known investors are predicting. Turns out that while a bit of caution seems to be a common theme as the Fed slowly winds down the easy money, many successful fund managers and investors aren't quite as bearish as Mr Grantham.
Warren Buffett, although concerned about the effects of the Fed tapering its $US85 billion ($92.8 billion) a month asset buying program, believed the economy is going to be ''just fine'' and equities were still the most attractive investment.
investment firm Oaktree Capital, said while equities were no longer cheap, there was no cause for panic. But he said investors should be cautious.