-
Bill Gross: Be very afraid of the markets
Bond guru and Pimco (PTTRX) managing director Bill Gross isn't buying into the bull market. In fact, he's warning investors to be afraid, be very afraid, of how inflation and the flood of cheap money will affect all investments. Investors should be prepared to accept "lower returns on bonds, stocks, real estate and derivative strategies," Gross wrote in his monthly letter entitled "Credit Supernova!" Championing something of a bunker mentality, Gross told investors to buy Treasuries with shorter durations and buy gold or other investments that "you can sink your teeth into." Go outside of the U.S., he says. Buy ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 31, 2013 1:33pm Jan 31, 2013 1:33pm
- bobn
- | Joined Aug 2010 | Status: Member | 141 Comments
- Comment #2
- Quote
- Jan 31, 2013 4:22pm Jan 31, 2013 4:22pm
- Guest
- | IP XX.XXX.112.246
- Comment #3
- Quote
- Jan 31, 2013 4:29pm Jan 31, 2013 4:29pm
- Guest
- | IP XX.XXX.59.10
- Comment #4
- Quote
- Jan 31, 2013 5:29pm Jan 31, 2013 5:29pm
- jabow
- | Joined Jan 2012 | Status: Member | 9 Comments
- Comment #5
- Quote
- Feb 1, 2013 12:42am Feb 1, 2013 12:42am
- mfoste1
- Joined Jun 2009 | Status: A slave to the tape | 112 Comments